https://www.taxtmi.com/caselaws?id=178151 The revenue's appeal against the deletion of penalty under section 271(1)(c) of the Act by the CIT(A) for the assessment year 2006-07 was dismissed. The Tribunal held that once the return of income is filed in response to a notice under section 153A, all pending proceedings for those assessment years stand abated, and income should be computed based on the return filed. As the undisclosed income was disclosed in the return filed after the notice under section 153A, the Tribunal concluded that there was no concealment of income, resulting in the deletion of the penalty upheld by the Tribunal. en-us Wed, 28 Sep 2011 00:00:00 +0530 Wed, 17 Feb 2016 19:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178151 The revenue's appeal against the deletion of penalty under section 271(1)(c) of the Act by the CIT(A) for the assessment year 2006-07 was dismissed. The Tribunal held that once the return of income is filed in response to a notice under section 153A, all pending proceedings for those assessment years stand abated, and income should be computed based on the return filed. As the undisclosed income was disclosed in the return filed after the notice under section 153A, the Tribunal concluded that there was no concealment of income, resulting in the deletion of the penalty upheld by the Tribunal. Case-Laws Income Tax Wed, 28 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178151