https://www.taxtmi.com/caselaws?id=376968 Penalty for concealment under section 271(1)(c) cannot survive once the underlying additions for professional fees and brand ambassador income are deleted, because the basis for alleging concealment ceases. Penalty is also not leviable on deemed rental income from a Dubai villa where taxability depends on the interaction between the DTAA and domestic law and remains a debatable legal issue. The revenue's appeal therefore failed, and deletion of the penalties was upheld. en-us Fri, 08 Mar 2019 00:00:00 +0530 Tue, 19 Mar 2019 10:39:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376968 Penalty for concealment under section 271(1)(c) cannot survive once the underlying additions for professional fees and brand ambassador income are deleted, because the basis for alleging concealment ceases. Penalty is also not leviable on deemed rental income from a Dubai villa where taxability depends on the interaction between the DTAA and domestic law and remains a debatable legal issue. The revenue's appeal therefore failed, and deletion of the penalties was upheld. Case-Laws Income Tax Fri, 08 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376968