https://www.taxtmi.com/caselaws?id=285011 The Tribunal allowed all appeals filed by the assessee, leading to the deletion of penalties imposed under Sections 271(1)(c) and 271AAB for the respective assessment years. The Tribunal determined that the additional income disclosed voluntarily by the assessee was not based on any incriminating evidence found during the search operations, thus concluding that penalties under the mentioned sections were not warranted. en-us Wed, 16 Oct 2019 00:00:00 +0530 Sat, 21 Dec 2019 10:04:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285011 The Tribunal allowed all appeals filed by the assessee, leading to the deletion of penalties imposed under Sections 271(1)(c) and 271AAB for the respective assessment years. The Tribunal determined that the additional income disclosed voluntarily by the assessee was not based on any incriminating evidence found during the search operations, thus concluding that penalties under the mentioned sections were not warranted. Case-Laws Income Tax Wed, 16 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285011