https://www.taxtmi.com/caselaws?id=178148 The Tribunal upheld the CIT(A)'s decision to delete the penalty imposed by the assessing officer for undisclosed income under sections 153A and 271(1)(c) for the assessment year 2005-06. As the undisclosed income was disclosed in the return filed under section 153A, it was deemed that there was no concealment of income. The Tribunal referred to previous cases with similar circumstances and dismissed the revenue's appeal, confirming the deletion of the penalty. The decision was announced on 03-06-2011. en-us Fri, 03 Jun 2011 00:00:00 +0530 Wed, 17 Feb 2016 19:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178148 The Tribunal upheld the CIT(A)'s decision to delete the penalty imposed by the assessing officer for undisclosed income under sections 153A and 271(1)(c) for the assessment year 2005-06. As the undisclosed income was disclosed in the return filed under section 153A, it was deemed that there was no concealment of income. The Tribunal referred to previous cases with similar circumstances and dismissed the revenue's appeal, confirming the deletion of the penalty. The decision was announced on 03-06-2011. Case-Laws Income Tax Fri, 03 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178148