https://www.taxtmi.com/caselaws?id=377767 The Tribunal affirmed the CIT(A)'s decision to delete the penalty imposed under section 271(1)(c) of the Income Tax Act for Assessment Year 2007-08. The penalty was deleted as the assessee had disclosed all necessary facts, and there was no concealment of income. The appeal by the revenue was dismissed, and the issue regarding the validity of the notice under section 274 read with section 271(1)(c) was deemed academic and not discussed further. en-us Fri, 29 Mar 2019 00:00:00 +0530 Tue, 02 Apr 2019 17:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377767 The Tribunal affirmed the CIT(A)'s decision to delete the penalty imposed under section 271(1)(c) of the Income Tax Act for Assessment Year 2007-08. The penalty was deleted as the assessee had disclosed all necessary facts, and there was no concealment of income. The appeal by the revenue was dismissed, and the issue regarding the validity of the notice under section 274 read with section 271(1)(c) was deemed academic and not discussed further. Case-Laws Income Tax Fri, 29 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377767