https://www.taxtmi.com/caselaws?id=352609 The Tribunal upheld the CIT(A)'s decision to delete the penalty under Section 271(1)(c) of the Income Tax Act, 1961, as the revised return was filed voluntarily before any notice or scrutiny and the additional income was already recorded in the subsequent year. The Tribunal found no concealment or inaccuracies, dismissing the Revenue's appeal and affirming the deletion of the penalty amounting to Rs. 3,59,84,728/-. en-us Thu, 14 Dec 2017 00:00:00 +0530 Mon, 18 Dec 2017 11:35:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352609 The Tribunal upheld the CIT(A)'s decision to delete the penalty under Section 271(1)(c) of the Income Tax Act, 1961, as the revised return was filed voluntarily before any notice or scrutiny and the additional income was already recorded in the subsequent year. The Tribunal found no concealment or inaccuracies, dismissing the Revenue's appeal and affirming the deletion of the penalty amounting to Rs. 3,59,84,728/-. Case-Laws Income Tax Thu, 14 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352609