https://www.taxtmi.com/caselaws?id=185902 The Tribunal allowed the assessee's appeal, ruling that the penalty under Section 271(1)(c) of the Income Tax Act was not applicable due to lack of evidence showing actual receipt of higher amounts than declared. The penalty imposed by the CIT(A) was deleted, and the order was pronounced in favor of the assessee on 05/06/2015. en-us Fri, 05 Jun 2015 00:00:00 +0530 Fri, 02 Sep 2016 11:44:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185902 The Tribunal allowed the assessee's appeal, ruling that the penalty under Section 271(1)(c) of the Income Tax Act was not applicable due to lack of evidence showing actual receipt of higher amounts than declared. The penalty imposed by the CIT(A) was deleted, and the order was pronounced in favor of the assessee on 05/06/2015. Case-Laws Income Tax Fri, 05 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185902