https://www.taxtmi.com/caselaws?id=390088 The Tribunal consistently found that penalties imposed under Sections 271(1)(c) and 271AAB of the Income Tax Act were not justified due to the absence of incriminating evidence in various appeals, including those of multiple parties. As a result, the penalties were deleted, and all appeals were allowed. en-us Wed, 18 Dec 2019 00:00:00 +0530 Mon, 23 Dec 2019 15:56:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390088 The Tribunal consistently found that penalties imposed under Sections 271(1)(c) and 271AAB of the Income Tax Act were not justified due to the absence of incriminating evidence in various appeals, including those of multiple parties. As a result, the penalties were deleted, and all appeals were allowed. Case-Laws Income Tax Wed, 18 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390088