https://www.taxtmi.com/caselaws?id=182148 The appeal by the revenue challenging the cancellation of penalty u/s 271(1)(c) for undisclosed income of Rs. 9,25,000 voluntarily declared post search operation was dismissed. The assessee's voluntary disclosure in response to a notice u/s 153A led to abatement of proceedings, with income computed based on the return filed. As the income was voluntarily disclosed, no concealment was deemed, justifying the deletion of the penalty. The CIT(A)'s decision to cancel the penalty was upheld, confirming no concealment and dismissing the revenue's appeal. en-us Fri, 27 May 2011 00:00:00 +0530 Tue, 03 May 2016 17:41:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=182148 The appeal by the revenue challenging the cancellation of penalty u/s 271(1)(c) for undisclosed income of Rs. 9,25,000 voluntarily declared post search operation was dismissed. The assessee's voluntary disclosure in response to a notice u/s 153A led to abatement of proceedings, with income computed based on the return filed. As the income was voluntarily disclosed, no concealment was deemed, justifying the deletion of the penalty. The CIT(A)'s decision to cancel the penalty was upheld, confirming no concealment and dismissing the revenue's appeal. Case-Laws Income Tax Fri, 27 May 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=182148