https://www.taxtmi.com/caselaws?id=337028 The ITAT concluded that the assessee did not conceal particulars of income or furnish inaccurate particulars warranting penalty under Section 271(1)(c). The final income assessed was based on estimation, and the voluntary disclosure of additional income was to cover survey discrepancies. The ITAT deleted the penalty levied by the A.O., dismissed the cross objections filed by the assessee, allowed the appeals filed by the assessee, and dismissed those by the revenue. en-us Fri, 30 Dec 2016 00:00:00 +0530 Mon, 02 Jan 2017 10:26:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337028 The ITAT concluded that the assessee did not conceal particulars of income or furnish inaccurate particulars warranting penalty under Section 271(1)(c). The final income assessed was based on estimation, and the voluntary disclosure of additional income was to cover survey discrepancies. The ITAT deleted the penalty levied by the A.O., dismissed the cross objections filed by the assessee, allowed the appeals filed by the assessee, and dismissed those by the revenue. Case-Laws Income Tax Fri, 30 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337028