https://www.taxtmi.com/caselaws?id=360975 The Tribunal allowed the appeal, ruling that the penalty under section 271(1)(c) for concealing income during a survey was unjustified. The appellant's voluntary disclosure of additional income during the survey, inclusion in the return, and lack of clear evidence of concealment or non-disclosure led to the deletion of the penalty imposed by the Assessing Officer. The Tribunal emphasized the strict interpretation of penalty provisions, requiring conclusive proof of concealment, which was absent in this case. en-us Wed, 23 May 2018 00:00:00 +0530 Sat, 26 May 2018 08:22:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360975 The Tribunal allowed the appeal, ruling that the penalty under section 271(1)(c) for concealing income during a survey was unjustified. The appellant's voluntary disclosure of additional income during the survey, inclusion in the return, and lack of clear evidence of concealment or non-disclosure led to the deletion of the penalty imposed by the Assessing Officer. The Tribunal emphasized the strict interpretation of penalty provisions, requiring conclusive proof of concealment, which was absent in this case. Case-Laws Income Tax Wed, 23 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360975