https://www.taxtmi.com/caselaws?id=390674 The Tribunal modified the order of the Ld. CIT(A) and directed the A.O. to levy the minimum penalty of 10% on the undisclosed income, partly allowing the appeal of the assessee. The judgment clarified the interpretation and application of Section 271AAB, emphasizing the importance of fulfilling all prescribed conditions to qualify for lower penalty rates. en-us Fri, 06 Dec 2019 00:00:00 +0530 Thu, 09 Jan 2020 11:06:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390674 The Tribunal modified the order of the Ld. CIT(A) and directed the A.O. to levy the minimum penalty of 10% on the undisclosed income, partly allowing the appeal of the assessee. The judgment clarified the interpretation and application of Section 271AAB, emphasizing the importance of fulfilling all prescribed conditions to qualify for lower penalty rates. Case-Laws Income Tax Fri, 06 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390674