https://www.taxtmi.com/caselaws?id=352204 The Tribunal allowed the appeal of the assessee and canceled the penalty imposed under Section 271(1)(c) of the Income Tax Act. The Tribunal found that the imposition of penalty was not justified based on precedents and the timing of the original return filing. The Tribunal emphasized that the penalty cannot be imposed without actual concealment or non-disclosure of income particulars, leading to the cancellation of the penalty in this case. en-us Thu, 07 Dec 2017 00:00:00 +0530 Sat, 09 Dec 2017 08:26:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352204 The Tribunal allowed the appeal of the assessee and canceled the penalty imposed under Section 271(1)(c) of the Income Tax Act. The Tribunal found that the imposition of penalty was not justified based on precedents and the timing of the original return filing. The Tribunal emphasized that the penalty cannot be imposed without actual concealment or non-disclosure of income particulars, leading to the cancellation of the penalty in this case. Case-Laws Income Tax Thu, 07 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352204