https://www.taxtmi.com/caselaws?id=437664 The Tribunal dismissed both appeals filed by the Revenue, upholding the decisions of the Commissioner (Appeals) to delete the penalties imposed under Section 271AAA of the Income Tax Act. The Tribunal concluded that there was no undisclosed income as defined under Section 271AAA in both cases, and the assessees had complied with the exceptions provided under Sub-section (2) of Section 271AAA. en-us Mon, 08 May 2023 00:00:00 +0530 Wed, 10 May 2023 14:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437664 The Tribunal dismissed both appeals filed by the Revenue, upholding the decisions of the Commissioner (Appeals) to delete the penalties imposed under Section 271AAA of the Income Tax Act. The Tribunal concluded that there was no undisclosed income as defined under Section 271AAA in both cases, and the assessees had complied with the exceptions provided under Sub-section (2) of Section 271AAA. Case-Laws Income Tax Mon, 08 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437664