https://www.taxtmi.com/caselaws?id=434954 The Tribunal upheld the Commissioner of Income Tax (Appeals) decision to delete the penalty imposed under Section 271AAB(1) of the Income Tax Act, 1961. It was concluded that the disallowance under Section 14A was not related to undisclosed income, and the Assessing Officer failed to provide sufficient evidence to justify the penalty. The appeal by the Revenue was dismissed, affirming the deletion of the penalty. en-us Fri, 06 Jan 2023 00:00:00 +0530 Tue, 07 Mar 2023 12:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434954 The Tribunal upheld the Commissioner of Income Tax (Appeals) decision to delete the penalty imposed under Section 271AAB(1) of the Income Tax Act, 1961. It was concluded that the disallowance under Section 14A was not related to undisclosed income, and the Assessing Officer failed to provide sufficient evidence to justify the penalty. The appeal by the Revenue was dismissed, affirming the deletion of the penalty. Case-Laws Income Tax Fri, 06 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434954