https://www.taxtmi.com/caselaws?id=177503 The judgment dismissed Revenue's appeals against the deletion of penalties under section 271(1)(c) of the Income Tax Act for various assessment years. The ITAT ruled that the revised returns were not voluntary but based on available data, thus penalty imposition was unwarranted. Additionally, the ITAT upheld the Commissioner's decision to allow telescoping of certain amounts for the assessment year 2005-06, consistent with a previous ruling. The appeals were rejected, affirming the decisions of the Commissioner of Income Tax (Appeals) in both matters. en-us Wed, 16 May 2012 00:00:00 +0530 Mon, 11 Jan 2016 16:11:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177503 The judgment dismissed Revenue's appeals against the deletion of penalties under section 271(1)(c) of the Income Tax Act for various assessment years. The ITAT ruled that the revised returns were not voluntary but based on available data, thus penalty imposition was unwarranted. Additionally, the ITAT upheld the Commissioner's decision to allow telescoping of certain amounts for the assessment year 2005-06, consistent with a previous ruling. The appeals were rejected, affirming the decisions of the Commissioner of Income Tax (Appeals) in both matters. Case-Laws Income Tax Wed, 16 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177503