https://www.taxtmi.com/caselaws?id=408861 The Tribunal ruled in favor of the assessee, Shri Sunil Chimanlal Gandhi, by quashing additions made under Section 69A for an undisclosed foreign bank account and deleting penalties under Sections 271(1)(c) and 271(1)(b) for the assessment years 2006-07 and 2007-08. The Tribunal also dismissed the Revenue's appeals for protective additions in the cases of Shri Nirav Sunil Gandhi and Shri Pranav Sunil Gandhi. Additionally, the penalty under Section 271AAA for the assessment year 2012-13 was deleted, as the assessee had met the conditions for immunity from penalty. en-us Mon, 21 Jun 2021 00:00:00 +0530 Wed, 23 Jun 2021 10:12:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408861 The Tribunal ruled in favor of the assessee, Shri Sunil Chimanlal Gandhi, by quashing additions made under Section 69A for an undisclosed foreign bank account and deleting penalties under Sections 271(1)(c) and 271(1)(b) for the assessment years 2006-07 and 2007-08. The Tribunal also dismissed the Revenue's appeals for protective additions in the cases of Shri Nirav Sunil Gandhi and Shri Pranav Sunil Gandhi. Additionally, the penalty under Section 271AAA for the assessment year 2012-13 was deleted, as the assessee had met the conditions for immunity from penalty. Case-Laws Income Tax Mon, 21 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408861