https://www.taxtmi.com/caselaws?id=349927 The Tribunal allowed the appeal, setting aside the penalty imposed under section 271(1)(c) of the Income Tax Act. The Tribunal found the penalty order lacking in explaining how concealment was established, deeming it a result of automatic confirmation of the quantum addition. Emphasizing the need for a fresh consideration in penalty cases, the Tribunal directed the Assessing Officer to delete the penalty due to discrepancies in the assessment and penalty proceedings. en-us Wed, 04 Oct 2017 00:00:00 +0530 Fri, 27 Oct 2017 09:06:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=349927 The Tribunal allowed the appeal, setting aside the penalty imposed under section 271(1)(c) of the Income Tax Act. The Tribunal found the penalty order lacking in explaining how concealment was established, deeming it a result of automatic confirmation of the quantum addition. Emphasizing the need for a fresh consideration in penalty cases, the Tribunal directed the Assessing Officer to delete the penalty due to discrepancies in the assessment and penalty proceedings. Case-Laws Income Tax Wed, 04 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=349927