https://www.taxtmi.com/caselaws?id=186264 The appeal against the penalty imposed under section 271(1)(c) of the I.T. Act, 1961 for the assessment year 2005-2006 was allowed. The Tribunal held that the penalty was not leviable as there was no finding that the assessee received more than the consideration in the sale deed. The penalty was canceled, and the confirmed income amount was adjusted to &8377; 1,80,259/-. en-us Fri, 15 Apr 2011 00:00:00 +0530 Tue, 13 Sep 2016 11:50:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186264 The appeal against the penalty imposed under section 271(1)(c) of the I.T. Act, 1961 for the assessment year 2005-2006 was allowed. The Tribunal held that the penalty was not leviable as there was no finding that the assessee received more than the consideration in the sale deed. The penalty was canceled, and the confirmed income amount was adjusted to &8377; 1,80,259/-. Case-Laws Income Tax Fri, 15 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186264