https://www.taxtmi.com/caselaws?id=182904 The penalty under section 271(1)(c) of the Income Tax Act for non-disclosure of tax perquisites in the original return of income for A.Y. 2003-04 and A.Y. 2004-05 was deleted by the CIT(A) and upheld by the Tribunal. The decisions were based on the assessee's voluntary disclosure, bonafide explanation, and lack of justification for penalty imposition in both assessment years. en-us Thu, 30 Sep 2010 00:00:00 +0530 Mon, 23 May 2016 10:52:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=182904 The penalty under section 271(1)(c) of the Income Tax Act for non-disclosure of tax perquisites in the original return of income for A.Y. 2003-04 and A.Y. 2004-05 was deleted by the CIT(A) and upheld by the Tribunal. The decisions were based on the assessee's voluntary disclosure, bonafide explanation, and lack of justification for penalty imposition in both assessment years. Case-Laws Income Tax Thu, 30 Sep 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=182904