https://www.taxtmi.com/caselaws?id=394627 The Tribunal upheld a penalty under Section 271AAA of the Income Tax Act for Assessment Year 2011-12, totaling Rs. 1,31,179. The penalty was imposed due to undisclosed income and unexplained cash not offered during the search or included in the tax return, failing to meet immunity conditions. The decision was pronounced on 07.02.2020, with the Tribunal partially allowing the appeal and sustaining the penalty at a reduced amount. en-us Fri, 07 Feb 2020 00:00:00 +0530 Sat, 18 Apr 2020 15:16:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394627 The Tribunal upheld a penalty under Section 271AAA of the Income Tax Act for Assessment Year 2011-12, totaling Rs. 1,31,179. The penalty was imposed due to undisclosed income and unexplained cash not offered during the search or included in the tax return, failing to meet immunity conditions. The decision was pronounced on 07.02.2020, with the Tribunal partially allowing the appeal and sustaining the penalty at a reduced amount. Case-Laws Income Tax Fri, 07 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394627