https://www.taxtmi.com/caselaws?id=217110 The High Court upheld the ITAT's decision to annul the penalty imposed under Section 273(2)(c) on the assessee. The Court found that the penalty, based on a fresh document and an alleged incorrect sub-section, was unjustified as the undisclosed income declared by a partner was done under duress, with no actual undisclosed income involved. Additionally, the Court upheld the ITAT's annulment of the penalty under Section 271(2)(c) related to the disputed undisclosed income, emphasizing the absence of error in the Tribunal's decision. The case was disposed of in line with established precedents. en-us Thu, 20 Sep 2012 00:00:00 +0530 Mon, 01 Oct 2012 16:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=217110 The High Court upheld the ITAT's decision to annul the penalty imposed under Section 273(2)(c) on the assessee. The Court found that the penalty, based on a fresh document and an alleged incorrect sub-section, was unjustified as the undisclosed income declared by a partner was done under duress, with no actual undisclosed income involved. Additionally, the Court upheld the ITAT's annulment of the penalty under Section 271(2)(c) related to the disputed undisclosed income, emphasizing the absence of error in the Tribunal's decision. The case was disposed of in line with established precedents. Case-Laws Income Tax Thu, 20 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=217110