https://www.taxtmi.com/caselaws?id=63550 The Tribunal concluded that the penalty under section 271(1)(c) of the Income-tax Act was not applicable as the assessee's claim was genuine and the revised return was voluntarily filed. Additionally, the penalty under section 273(2)(a) was deemed consequential to the penalty under section 271(1)(c) and was also deleted. Consequently, both appeals by the assessee were allowed, and the penalties under both sections were removed. en-us Wed, 01 Sep 1993 00:00:00 +0530 Mon, 31 Jan 2011 16:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63550 The Tribunal concluded that the penalty under section 271(1)(c) of the Income-tax Act was not applicable as the assessee's claim was genuine and the revised return was voluntarily filed. Additionally, the penalty under section 273(2)(a) was deemed consequential to the penalty under section 271(1)(c) and was also deleted. Consequently, both appeals by the assessee were allowed, and the penalties under both sections were removed. Case-Laws Income Tax Wed, 01 Sep 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63550