https://www.taxtmi.com/caselaws?id=183945 The Tribunal canceled the penalty imposed under section 271(1)(c) of the Income Tax Act, 1961, amounting to Rs. 22,42,867/-, as it determined that the due date for filing the return for the assessee was 30th September 2008, not 31st July 2008. The Tribunal found that there was no concealment of income as the returned income was accepted, including the surrendered amount, leading to the allowance of the appeal filed by the assessee. en-us Wed, 09 Sep 2015 00:00:00 +0530 Mon, 27 Jun 2016 10:24:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=183945 The Tribunal canceled the penalty imposed under section 271(1)(c) of the Income Tax Act, 1961, amounting to Rs. 22,42,867/-, as it determined that the due date for filing the return for the assessee was 30th September 2008, not 31st July 2008. The Tribunal found that there was no concealment of income as the returned income was accepted, including the surrendered amount, leading to the allowance of the appeal filed by the assessee. Case-Laws Income Tax Wed, 09 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=183945