https://www.taxtmi.com/caselaws?id=395446 The Tribunal in this case condoned the delay in filing appeals due to reliance on legal advice, emphasizing substantial justice over technicalities. Penalties under Sections 271(1)(c) for Assessment Years 2008-09 to 2012-13 were deleted as the charges were unclear and lacked evidence of undisclosed income. Similarly, the penalty under Section 271AAB for Assessment Year 2013-14 was set aside as the Assessing Officer failed to establish that the surrendered income met the definition of undisclosed income, highlighting the discretionary nature of the penalty and the need for specific evidence. en-us Wed, 15 Apr 2020 00:00:00 +0530 Tue, 28 Jul 2020 10:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395446 The Tribunal in this case condoned the delay in filing appeals due to reliance on legal advice, emphasizing substantial justice over technicalities. Penalties under Sections 271(1)(c) for Assessment Years 2008-09 to 2012-13 were deleted as the charges were unclear and lacked evidence of undisclosed income. Similarly, the penalty under Section 271AAB for Assessment Year 2013-14 was set aside as the Assessing Officer failed to establish that the surrendered income met the definition of undisclosed income, highlighting the discretionary nature of the penalty and the need for specific evidence. Case-Laws Income Tax Wed, 15 Apr 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395446