https://www.taxtmi.com/caselaws?id=390025 The Tribunal allowed the appeal of the assessee for AY 2011-12, as the penalty under section 271(1)(c) r.w. Explanation 5A was unjustified. Penalties in other appeals for the same assessment year were also deleted as no incriminating documents were found during the search, following a precedent that such evidence is necessary for imposing penalties under Explanation 5A. All four appeals were allowed, and the penalties were revoked. en-us Wed, 18 Dec 2019 00:00:00 +0530 Sun, 22 Dec 2019 07:42:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390025 The Tribunal allowed the appeal of the assessee for AY 2011-12, as the penalty under section 271(1)(c) r.w. Explanation 5A was unjustified. Penalties in other appeals for the same assessment year were also deleted as no incriminating documents were found during the search, following a precedent that such evidence is necessary for imposing penalties under Explanation 5A. All four appeals were allowed, and the penalties were revoked. Case-Laws Income Tax Wed, 18 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390025