https://www.taxtmi.com/caselaws?id=182789 The Tribunal upheld the CIT(A)'s decision to delete the penalty under section 271(1)(c) of the Income-tax Act, stating that the income surrender was voluntary and not under compulsion. The Tribunal found no concealment of income and dismissed both the department's appeal and the assessee's cross-objections. The decision applied mutatis mutandis to a related case, resulting in the dismissal of appeals and cross-objections in that case as well. en-us Thu, 30 Mar 2006 00:00:00 +0530 Thu, 19 May 2016 16:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=182789 The Tribunal upheld the CIT(A)'s decision to delete the penalty under section 271(1)(c) of the Income-tax Act, stating that the income surrender was voluntary and not under compulsion. The Tribunal found no concealment of income and dismissed both the department's appeal and the assessee's cross-objections. The decision applied mutatis mutandis to a related case, resulting in the dismissal of appeals and cross-objections in that case as well. Case-Laws Income Tax Thu, 30 Mar 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=182789