https://www.taxtmi.com/caselaws?id=392787 The Tribunal upheld the CIT(A)'s decision, reducing the penalty to 10% under Section 271AAB(1)(a) for the Assessment Year 2013-14. The assessee's explanation of anonymous donations under Section 115BBC was accepted, leading to the dismissal of the Revenue's appeal. The cross-objection by the assessee was also dismissed. For the Assessment Year 2014-15, the penalty was upheld at 10% due to late filing of the return. Both appeals were dismissed, affirming the CIT(A)'s orders. en-us Wed, 26 Feb 2020 00:00:00 +0530 Fri, 28 Feb 2020 12:36:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392787 The Tribunal upheld the CIT(A)'s decision, reducing the penalty to 10% under Section 271AAB(1)(a) for the Assessment Year 2013-14. The assessee's explanation of anonymous donations under Section 115BBC was accepted, leading to the dismissal of the Revenue's appeal. The cross-objection by the assessee was also dismissed. For the Assessment Year 2014-15, the penalty was upheld at 10% due to late filing of the return. Both appeals were dismissed, affirming the CIT(A)'s orders. Case-Laws Income Tax Wed, 26 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392787