https://www.taxtmi.com/caselaws?id=188902 The Tribunal allowed the appeal of the assessee, canceling the penalty imposed under section 271(1)(d) of the Income Tax Act. The Tribunal found that the explanation provided was acceptable, highlighting the lack of evidence of deliberate concealment and the voluntary surrender of the disputed amount. It was concluded that the penalty was not justified, leading to the cancellation of the penalty orders. en-us Fri, 13 Dec 2013 00:00:00 +0530 Tue, 20 Dec 2016 12:55:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=188902 The Tribunal allowed the appeal of the assessee, canceling the penalty imposed under section 271(1)(d) of the Income Tax Act. The Tribunal found that the explanation provided was acceptable, highlighting the lack of evidence of deliberate concealment and the voluntary surrender of the disputed amount. It was concluded that the penalty was not justified, leading to the cancellation of the penalty orders. Case-Laws Income Tax Fri, 13 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=188902