https://www.taxtmi.com/caselaws?id=339601 The Tribunal allowed the appeals, setting aside the penalties imposed under section 271(1)(c) of the Income Tax Act for assessment years 2006-07 and 2007-08. The Tribunal found that the additional income was voluntarily offered and not detected by the Revenue, leading to the deletion of penalties. The orders were pronounced on 1.3.2017, directing the Assessing Officer to delete the penalties for both years. en-us Wed, 01 Mar 2017 00:00:00 +0530 Fri, 03 Mar 2017 06:49:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339601 The Tribunal allowed the appeals, setting aside the penalties imposed under section 271(1)(c) of the Income Tax Act for assessment years 2006-07 and 2007-08. The Tribunal found that the additional income was voluntarily offered and not detected by the Revenue, leading to the deletion of penalties. The orders were pronounced on 1.3.2017, directing the Assessing Officer to delete the penalties for both years. Case-Laws Income Tax Wed, 01 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339601