https://www.taxtmi.com/caselaws?id=66871 The Tribunal upheld the CIT(A)'s decision to cancel penalties under section 271(1)(c) for the assessment years 1982-83, 1983-84, and 1984-85. It determined that the income disclosed by the assessee did not relate to the years under consideration, the disclosure was voluntary and timely under section 273A, and penalties cannot be imposed on a protective basis. The Tribunal emphasized that without concrete evidence linking the income to the relevant assessment years, penalties were unwarranted. en-us Thu, 08 Dec 1994 00:00:00 +0530 Mon, 07 Mar 2011 17:57:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66871 The Tribunal upheld the CIT(A)'s decision to cancel penalties under section 271(1)(c) for the assessment years 1982-83, 1983-84, and 1984-85. It determined that the income disclosed by the assessee did not relate to the years under consideration, the disclosure was voluntary and timely under section 273A, and penalties cannot be imposed on a protective basis. The Tribunal emphasized that without concrete evidence linking the income to the relevant assessment years, penalties were unwarranted. Case-Laws Income Tax Thu, 08 Dec 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66871