https://www.taxtmi.com/caselaws?id=394180 The Tribunal allowed all four appeals filed by the appellant, directing the AO to delete the penalties imposed under Section 271(1)(c) and Section 271AAB. The penalties were deemed unjustified as the additional income was voluntarily disclosed without any incriminating evidence found during the search, aligning with precedents that penalties necessitate clear grounds and evidence of undisclosed income. en-us Thu, 09 Jan 2020 00:00:00 +0530 Fri, 03 Apr 2020 12:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394180 The Tribunal allowed all four appeals filed by the appellant, directing the AO to delete the penalties imposed under Section 271(1)(c) and Section 271AAB. The penalties were deemed unjustified as the additional income was voluntarily disclosed without any incriminating evidence found during the search, aligning with precedents that penalties necessitate clear grounds and evidence of undisclosed income. Case-Laws Income Tax Thu, 09 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394180