https://www.taxtmi.com/caselaws?id=356681 The appeal challenging the Income Tax Appellate Tribunal's decision on the penalty under Sections 271(1)(c) for the revised income return filed voluntarily by the Respondent for Assessment Year 2005-06 was dismissed by the Bombay High Court. The Court upheld the Tribunal's finding that the penalty cannot be imposed as the revised return was not a result of detection by the Revenue but was voluntarily filed by the Respondent. The Court concluded that as there were no inaccurate particulars in the revised return, the appeal did not raise any substantial legal question. en-us Wed, 21 Feb 2018 00:00:00 +0530 Fri, 09 Mar 2018 13:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356681 The appeal challenging the Income Tax Appellate Tribunal's decision on the penalty under Sections 271(1)(c) for the revised income return filed voluntarily by the Respondent for Assessment Year 2005-06 was dismissed by the Bombay High Court. The Court upheld the Tribunal's finding that the penalty cannot be imposed as the revised return was not a result of detection by the Revenue but was voluntarily filed by the Respondent. The Court concluded that as there were no inaccurate particulars in the revised return, the appeal did not raise any substantial legal question. Case-Laws Income Tax Wed, 21 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356681