https://www.taxtmi.com/caselaws?id=62599 The Tribunal upheld the cancellation of penalties under section 271(1)(c) for various assessment years, including 1982-83, as the returns were filed under the Amnesty Scheme and within the stipulated time. It distinguished between survey and search, noting that no concealed income was detected during the survey. The Tribunal also found that the lack of specificity in penalty notices invalidated the penalty proceedings. Ultimately, all penalties were canceled, and the revenue's appeal was dismissed, with the assessee's appeals being allowed. en-us Thu, 26 Sep 1996 00:00:00 +0530 Thu, 20 Jan 2011 16:36:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62599 The Tribunal upheld the cancellation of penalties under section 271(1)(c) for various assessment years, including 1982-83, as the returns were filed under the Amnesty Scheme and within the stipulated time. It distinguished between survey and search, noting that no concealed income was detected during the survey. The Tribunal also found that the lack of specificity in penalty notices invalidated the penalty proceedings. Ultimately, all penalties were canceled, and the revenue's appeal was dismissed, with the assessee's appeals being allowed. Case-Laws Income Tax Thu, 26 Sep 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62599