https://www.taxtmi.com/caselaws?id=235665 The ITAT allowed the assessee's appeal, deleting the penalty imposed under section 271(1)(C) for A.Y. 2002-03. The ITAT referred to a previous case involving a co-owner where penalty was deleted due to the assessee disclosing correct income before detection by the department, finding no fraud or neglect in the present case. en-us Fri, 14 Jun 2013 00:00:00 +0530 Tue, 30 Jul 2013 18:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=235665 The ITAT allowed the assessee's appeal, deleting the penalty imposed under section 271(1)(C) for A.Y. 2002-03. The ITAT referred to a previous case involving a co-owner where penalty was deleted due to the assessee disclosing correct income before detection by the department, finding no fraud or neglect in the present case. Case-Laws Income Tax Fri, 14 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=235665