https://www.taxtmi.com/caselaws?id=62227 The Tribunal allowed the appeal, ruling that the revised return filed by the assessee was voluntary and complete. Consequently, the penalty under Section 271(1)(c) of the Income Tax Act was deemed unwarranted. The decision was based on the voluntary nature of the disclosure before any detection by the Revenue, distinguishing it from prior judicial precedents cited by the Revenue. en-us Mon, 15 Mar 1993 00:00:00 +0530 Tue, 18 Jan 2011 16:40:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62227 The Tribunal allowed the appeal, ruling that the revised return filed by the assessee was voluntary and complete. Consequently, the penalty under Section 271(1)(c) of the Income Tax Act was deemed unwarranted. The decision was based on the voluntary nature of the disclosure before any detection by the Revenue, distinguishing it from prior judicial precedents cited by the Revenue. Case-Laws Income Tax Mon, 15 Mar 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62227