https://www.taxtmi.com/caselaws?id=287666 The Tribunal allowed the appeals of the assessee and deleted the penalties imposed under Section 271(1)(c) for the assessment years 2004-05 to 2008-09. The Tribunal concluded that the additional income disclosed in response to the notice under Section 153A was not supported by seized material or documentary evidence found during the search, thus Explanation 5A could not be applied to deem concealment. en-us Fri, 06 May 2016 00:00:00 +0530 Mon, 27 Apr 2020 08:13:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287666 The Tribunal allowed the appeals of the assessee and deleted the penalties imposed under Section 271(1)(c) for the assessment years 2004-05 to 2008-09. The Tribunal concluded that the additional income disclosed in response to the notice under Section 153A was not supported by seized material or documentary evidence found during the search, thus Explanation 5A could not be applied to deem concealment. Case-Laws Income Tax Fri, 06 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=287666