https://www.taxtmi.com/caselaws?id=185090 The ITAT Kolkata allowed the assessee's appeal for assessment years 2003-04 to 2005-06, directing the A.O. to delete the penalties imposed under section 271(1)(c) of the Income Tax Act. The penalties were overturned as the assessee voluntarily disclosed the income upon receiving notices under section 148, without evidence of detection by the department. en-us Fri, 18 Nov 2011 00:00:00 +0530 Sat, 30 Jul 2016 13:02:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185090 The ITAT Kolkata allowed the assessee's appeal for assessment years 2003-04 to 2005-06, directing the A.O. to delete the penalties imposed under section 271(1)(c) of the Income Tax Act. The penalties were overturned as the assessee voluntarily disclosed the income upon receiving notices under section 148, without evidence of detection by the department. Case-Laws Income Tax Fri, 18 Nov 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185090