https://www.taxtmi.com/caselaws?id=65679 The tribunal allowed the appeal, canceling the penalty imposed on the assessee under Section 271(1)(c) of the Income Tax Act, 1961. The decision was based on the voluntary filing of the revised return before the detection of concealment, the satisfactory explanation for inaccuracies in the original return, and legal principles negating the penalty in cases of filing revised returns before concealment is discovered. en-us Wed, 28 Sep 1977 00:00:00 +0530 Fri, 18 Feb 2011 13:02:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65679 The tribunal allowed the appeal, canceling the penalty imposed on the assessee under Section 271(1)(c) of the Income Tax Act, 1961. The decision was based on the voluntary filing of the revised return before the detection of concealment, the satisfactory explanation for inaccuracies in the original return, and legal principles negating the penalty in cases of filing revised returns before concealment is discovered. Case-Laws Income Tax Wed, 28 Sep 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65679