https://www.taxtmi.com/caselaws?id=151982 The Tribunal upheld the deletion of the penalty under Section 271(1)(c) of the Income-tax Act. It found that the revised return was voluntarily filed before the notice under Section 148, and there was no evidence of deliberate concealment of income. The Tribunal concluded that the assessee's actions were aimed at resolving the matter amicably and avoiding litigation, leading to the penalty being deemed unwarranted. en-us Mon, 27 Apr 1998 00:00:00 +0530 Thu, 20 Jun 2013 16:41:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=151982 The Tribunal upheld the deletion of the penalty under Section 271(1)(c) of the Income-tax Act. It found that the revised return was voluntarily filed before the notice under Section 148, and there was no evidence of deliberate concealment of income. The Tribunal concluded that the assessee's actions were aimed at resolving the matter amicably and avoiding litigation, leading to the penalty being deemed unwarranted. Case-Laws Income Tax Mon, 27 Apr 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=151982