https://www.taxtmi.com/caselaws?id=258122 The Tribunal dismissed the Departmental appeal, affirming the cancellation of penalties under section 271(1)(c) of the Income-tax Act. The penalties were canceled as the non-disclosure of Rs. 45 lakhs was deemed an inadvertent mistake rectified within the permissible time, and the penalty on the estimated addition for the sale of the plot lacked concrete evidence. The order was pronounced on September 13, 2013. en-us Fri, 13 Sep 2013 00:00:00 +0530 Wed, 01 Apr 2015 06:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258122 The Tribunal dismissed the Departmental appeal, affirming the cancellation of penalties under section 271(1)(c) of the Income-tax Act. The penalties were canceled as the non-disclosure of Rs. 45 lakhs was deemed an inadvertent mistake rectified within the permissible time, and the penalty on the estimated addition for the sale of the plot lacked concrete evidence. The order was pronounced on September 13, 2013. Case-Laws Income Tax Fri, 13 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258122