https://www.taxtmi.com/caselaws?id=381711 The Tribunal held that the penalty under section 271(1)(c) was not sustainable due to the deletion of the addition of undisclosed income by the Tribunal in a previous case. The legal precedent established that when the basis for the penalty is eliminated, the penalty for concealment cannot be upheld. As a result, the penalty imposed on the appellant was canceled, and the appeal was allowed. en-us Thu, 13 Jun 2019 00:00:00 +0530 Tue, 18 Jun 2019 05:49:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381711 The Tribunal held that the penalty under section 271(1)(c) was not sustainable due to the deletion of the addition of undisclosed income by the Tribunal in a previous case. The legal precedent established that when the basis for the penalty is eliminated, the penalty for concealment cannot be upheld. As a result, the penalty imposed on the appellant was canceled, and the appeal was allowed. Case-Laws Income Tax Thu, 13 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381711