https://www.taxtmi.com/caselaws?id=258783 Penalty under section 271(1)(c) is not leviable on income disclosed during search and included in a return filed in response to section 153A when that return is accepted without further addition. The controlling principle is that a section 153A return is to be treated as a return under section 139 for penalty purposes, so penalty can arise only on income assessed over and above the income returned under section 153A, if any. On that basis, the penalty was deleted. en-us Fri, 30 Jan 2015 00:00:00 +0530 Mon, 20 Apr 2015 18:09:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258783 Penalty under section 271(1)(c) is not leviable on income disclosed during search and included in a return filed in response to section 153A when that return is accepted without further addition. The controlling principle is that a section 153A return is to be treated as a return under section 139 for penalty purposes, so penalty can arise only on income assessed over and above the income returned under section 153A, if any. On that basis, the penalty was deleted. Case-Laws Income Tax Fri, 30 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258783