https://www.taxtmi.com/highlights?id=31116 The entire addition was based on the conditional surrender made by the assessee. The AO did not honour the condition of not levying penalty and went ahead and issued notice for levying penalty u/s 271(1)(c) - No penalty - AT en-us Thu, 08 Sep 2016 19:03:20 +0530 Thu, 08 Sep 2016 19:03:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=31116 The entire addition was based on the conditional surrender made by the assessee. The AO did not honour the condition of not levying penalty and went ahead and issued notice for levying penalty u/s 271(1)(c) - No penalty - AT Highlights Income Tax Thu, 08 Sep 2016 19:03:20 +0530 https://www.taxtmi.com/highlights?id=31116