https://www.taxtmi.com/caselaws?id=192775 Penalty for concealment is not leviable where the assessee's exemption claim on interest received on enhanced compensation turned on a debatable question of law that was unsettled when the return was filed. The later non-filing of an appeal against the addition did not by itself establish concealment or justify penalty. The operative point is that an ultimately unsuccessful claim does not attract penalty merely because the legal position was later resolved against the assessee. The deletion of penalty was therefore upheld. en-us Tue, 11 Jun 2013 00:00:00 +0530 Mon, 19 Jun 2017 17:29:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=192775 Penalty for concealment is not leviable where the assessee's exemption claim on interest received on enhanced compensation turned on a debatable question of law that was unsettled when the return was filed. The later non-filing of an appeal against the addition did not by itself establish concealment or justify penalty. The operative point is that an ultimately unsuccessful claim does not attract penalty merely because the legal position was later resolved against the assessee. The deletion of penalty was therefore upheld. Case-Laws Income Tax Tue, 11 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=192775