https://www.taxtmi.com/caselaws?id=387741 The ITAT partly allowed the appeal of the assessee, restricting the penalty under section 271(1)(c) to the concealed salary income amount. The penalty was deemed unjustified for certain additions made by the AO during assessment under section 147 r.w.s. 143(3) of the Income Tax Act, 1961. The ITAT concluded that penalties related to specific income sources like deduction under section 80HHC and income from other sources out of agriculture income were unwarranted due to the provision of necessary particulars. The decision was announced on 16/09/2019. en-us Mon, 16 Sep 2019 00:00:00 +0530 Thu, 31 Oct 2019 18:46:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=387741 The ITAT partly allowed the appeal of the assessee, restricting the penalty under section 271(1)(c) to the concealed salary income amount. The penalty was deemed unjustified for certain additions made by the AO during assessment under section 147 r.w.s. 143(3) of the Income Tax Act, 1961. The ITAT concluded that penalties related to specific income sources like deduction under section 80HHC and income from other sources out of agriculture income were unwarranted due to the provision of necessary particulars. The decision was announced on 16/09/2019. Case-Laws Income Tax Mon, 16 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387741