https://www.taxtmi.com/caselaws?id=343681 The Tribunal upheld the order of the Ld. CIT(A) in deleting the penalty of Rs. 19,00,000/- levied under section 271(1)(c) of the I.T. Act. The Tribunal found that the disclosure made by the assessee was voluntary, without concealment or furnishing inaccurate particulars of income. The Tribunal concluded that there was no intentional act to conceal income, and the penalty was rightly deleted. en-us Fri, 26 May 2017 00:00:00 +0530 Wed, 31 May 2017 06:58:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343681 The Tribunal upheld the order of the Ld. CIT(A) in deleting the penalty of Rs. 19,00,000/- levied under section 271(1)(c) of the I.T. Act. The Tribunal found that the disclosure made by the assessee was voluntary, without concealment or furnishing inaccurate particulars of income. The Tribunal concluded that there was no intentional act to conceal income, and the penalty was rightly deleted. Case-Laws Income Tax Fri, 26 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343681