https://www.taxtmi.com/highlights?id=47080 Penalty u/s 271(1)(c) - escapement of income come to notice in different year assessment proceedings - the assessee has duly submitted the revised return before the issue of notice u/s. 148 - assessment has been made on the basis of sums already declared - the assessee cannot be said to have acted contumacious manner so as to warrant levy of penalty en-us Mon, 10 Jun 2019 06:11:35 +0530 Mon, 10 Jun 2019 06:11:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=47080 Penalty u/s 271(1)(c) - escapement of income come to notice in different year assessment proceedings - the assessee has duly submitted the revised return before the issue of notice u/s. 148 - assessment has been made on the basis of sums already declared - the assessee cannot be said to have acted contumacious manner so as to warrant levy of penalty Highlights Income Tax Mon, 10 Jun 2019 06:11:35 +0530 https://www.taxtmi.com/highlights?id=47080