https://www.taxtmi.com/caselaws?id=284108 The Tribunal upheld the CIT (A)'s decision to cancel the penalty imposed on the assessee firm under Section 271AAB for Assessment Year 2013-14 and 2014-15. The revenue's appeal was dismissed as the search triggering the penalty was conducted at a partner's residence, not the firm's premises, leading to the conclusion that the penalty conditions were not met. Therefore, the penalty imposition was deemed unjustified, affirming the CIT (A)'s order. en-us Mon, 27 Mar 2017 00:00:00 +0530 Fri, 01 Nov 2019 11:13:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284108 The Tribunal upheld the CIT (A)'s decision to cancel the penalty imposed on the assessee firm under Section 271AAB for Assessment Year 2013-14 and 2014-15. The revenue's appeal was dismissed as the search triggering the penalty was conducted at a partner's residence, not the firm's premises, leading to the conclusion that the penalty conditions were not met. Therefore, the penalty imposition was deemed unjustified, affirming the CIT (A)'s order. Case-Laws Income Tax Mon, 27 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284108