https://www.taxtmi.com/caselaws?id=405927 The Tribunal allowed the Assessee's appeal against the penalty order under Section 271AAA of the Income Tax Act, 1961. The Tribunal emphasized the importance of satisfying the conditions for immunity under Section 271AAA and highlighted the necessity for Revenue Authorities to demonstrate non-compliance with such conditions. The Tribunal set aside the CIT(A)'s order and directed the Assessing Officer to delete the penalty, as the penalty order lacked detailed reasoning on non-compliance with the conditions for immunity. en-us Tue, 16 Mar 2021 00:00:00 +0530 Fri, 02 Apr 2021 09:13:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405927 The Tribunal allowed the Assessee's appeal against the penalty order under Section 271AAA of the Income Tax Act, 1961. The Tribunal emphasized the importance of satisfying the conditions for immunity under Section 271AAA and highlighted the necessity for Revenue Authorities to demonstrate non-compliance with such conditions. The Tribunal set aside the CIT(A)'s order and directed the Assessing Officer to delete the penalty, as the penalty order lacked detailed reasoning on non-compliance with the conditions for immunity. Case-Laws Income Tax Tue, 16 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405927