https://www.taxtmi.com/caselaws?id=373378 The Tribunal upheld the deletion of the penalty under Section 271(1)(c) for the assessment year 2008-09, finding that the revised return, filed before receiving notice under Section 148, constituted a voluntary disclosure of income. The assessee's actions were deemed bona fide as taxes were paid prior to the notice, and the undisclosed income was declared voluntarily. The Tribunal concluded that no substantial question of law arose, leading to the dismissal of the Revenue's appeal and connected CMP. en-us Wed, 02 Jan 2019 00:00:00 +0530 Fri, 11 Jan 2019 11:40:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373378 The Tribunal upheld the deletion of the penalty under Section 271(1)(c) for the assessment year 2008-09, finding that the revised return, filed before receiving notice under Section 148, constituted a voluntary disclosure of income. The assessee's actions were deemed bona fide as taxes were paid prior to the notice, and the undisclosed income was declared voluntarily. The Tribunal concluded that no substantial question of law arose, leading to the dismissal of the Revenue's appeal and connected CMP. Case-Laws Income Tax Wed, 02 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373378