https://www.taxtmi.com/caselaws?id=338978 The High Court of Calcutta upheld the CIT(A)'s decision to delete the penalty under Section 271(1)(c) based on the assessee's compliance with Explanation 5 conditions. The court also affirmed that disclosures made under Section 153A were considered an extension of disclosures under Section 132(4) as per legal interpretations provided in relevant judgments. The application and appeal were dismissed, as no substantial question of law was found to be involved. en-us Tue, 31 Jan 2017 00:00:00 +0530 Sat, 25 Mar 2017 13:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338978 The High Court of Calcutta upheld the CIT(A)'s decision to delete the penalty under Section 271(1)(c) based on the assessee's compliance with Explanation 5 conditions. The court also affirmed that disclosures made under Section 153A were considered an extension of disclosures under Section 132(4) as per legal interpretations provided in relevant judgments. The application and appeal were dismissed, as no substantial question of law was found to be involved. Case-Laws Income Tax Tue, 31 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338978