https://www.taxtmi.com/caselaws?id=67319 The Appellate Tribunal ITAT Jabalpur allowed the appeal by the assessee, who contested a penalty under section 271(1)(c) of the IT Act. The Tribunal modified the assessment order, reducing the assessed income significantly due to no concealment found. The key issue was the delay in filing the appeal, which was condoned by the Tribunal considering a bonafide mistake in initially filing before the wrong forum. The Tribunal also addressed the jurisdictional aspect, ultimately canceling the penalty as no basis for its imposition was found. en-us Tue, 25 Sep 1979 00:00:00 +0530 Thu, 10 Mar 2011 10:34:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67319 The Appellate Tribunal ITAT Jabalpur allowed the appeal by the assessee, who contested a penalty under section 271(1)(c) of the IT Act. The Tribunal modified the assessment order, reducing the assessed income significantly due to no concealment found. The key issue was the delay in filing the appeal, which was condoned by the Tribunal considering a bonafide mistake in initially filing before the wrong forum. The Tribunal also addressed the jurisdictional aspect, ultimately canceling the penalty as no basis for its imposition was found. Case-Laws Income Tax Tue, 25 Sep 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67319