https://www.taxtmi.com/caselaws?id=361161 The Tribunal allowed the appeals, emphasizing that the mere acceptance of additions and payment of tax without evidence of concealment does not warrant penalty imposition under section 271(1)(c). The decision was based on legal principles and precedents, ensuring fairness and adherence to procedural requirements. The penalties imposed by lower authorities for the assessment year 2009-2010 were deleted. en-us Mon, 28 May 2018 00:00:00 +0530 Wed, 30 May 2018 16:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361161 The Tribunal allowed the appeals, emphasizing that the mere acceptance of additions and payment of tax without evidence of concealment does not warrant penalty imposition under section 271(1)(c). The decision was based on legal principles and precedents, ensuring fairness and adherence to procedural requirements. The penalties imposed by lower authorities for the assessment year 2009-2010 were deleted. Case-Laws Income Tax Mon, 28 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361161