https://www.taxtmi.com/caselaws?id=214168 The Tribunal ruled that the penalty under section 271(1)(c) of the Income Tax Act was not applicable as the disclosed income in the return filed under section 153A was accepted, indicating no concealment of income. Consequently, the assessing officer was instructed to remove the penalty, and the appeal by the assessee was upheld. en-us Fri, 09 Mar 2012 00:00:00 +0530 Wed, 20 Jun 2012 15:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=214168 The Tribunal ruled that the penalty under section 271(1)(c) of the Income Tax Act was not applicable as the disclosed income in the return filed under section 153A was accepted, indicating no concealment of income. Consequently, the assessing officer was instructed to remove the penalty, and the appeal by the assessee was upheld. Case-Laws Income Tax Fri, 09 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=214168