https://www.taxtmi.com/caselaws?id=71085 The Appellate Tribunal ITAT Patna upheld the cancellation of a penalty under section 271(1)(c) of the IT Act. The penalty was initially imposed by the Income Tax Officer for concealment of income, but the Appellate Assistant Commissioner later cancelled it, citing a lack of evidence to establish deliberate concealment with dishonest intent by the assessee. The Tribunal agreed with the AAC, emphasizing that penalties should only be imposed for deliberate defiance or dishonest conduct. The department's appeal was dismissed, affirming the cancellation of the penalty. en-us Wed, 08 Aug 1984 00:00:00 +0530 Thu, 21 Apr 2011 12:11:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71085 The Appellate Tribunal ITAT Patna upheld the cancellation of a penalty under section 271(1)(c) of the IT Act. The penalty was initially imposed by the Income Tax Officer for concealment of income, but the Appellate Assistant Commissioner later cancelled it, citing a lack of evidence to establish deliberate concealment with dishonest intent by the assessee. The Tribunal agreed with the AAC, emphasizing that penalties should only be imposed for deliberate defiance or dishonest conduct. The department's appeal was dismissed, affirming the cancellation of the penalty. Case-Laws Income Tax Wed, 08 Aug 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71085