https://www.taxtmi.com/highlights?id=47243 Revision u/s 263 - Penalty u/s 271(1)(c) dropped - voluntarily offer certain income in the form of cash deposits/FDRs - a perusal of the ‘order sheet’ noting of the A.O reveals that he had only after being satisfied with the reply filed by the assessee, therein concluded that the penalty proceedings initiated u/s 271(1)(c) were to be dropped - a plausible view of AO - revision quashed en-us Mon, 17 Jun 2019 07:10:34 +0530 Mon, 17 Jun 2019 07:10:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=47243 Revision u/s 263 - Penalty u/s 271(1)(c) dropped - voluntarily offer certain income in the form of cash deposits/FDRs - a perusal of the ‘order sheet’ noting of the A.O reveals that he had only after being satisfied with the reply filed by the assessee, therein concluded that the penalty proceedings initiated u/s 271(1)(c) were to be dropped - a plausible view of AO - revision quashed Highlights Income Tax Mon, 17 Jun 2019 07:10:34 +0530 https://www.taxtmi.com/highlights?id=47243