https://www.taxtmi.com/caselaws?id=387780 The ITAT allowed the Assessee's appeal, directing the AO to delete the penalty under section 271(1)(c) of the Income Tax Act. The Tribunal found no deliberate concealment of income by the Assessee, as major additions were deleted by the Commissioner and sufficient explanations were provided for the remaining amounts. en-us Tue, 01 Oct 2019 00:00:00 +0530 Fri, 08 Nov 2024 11:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=387780 The ITAT allowed the Assessee's appeal, directing the AO to delete the penalty under section 271(1)(c) of the Income Tax Act. The Tribunal found no deliberate concealment of income by the Assessee, as major additions were deleted by the Commissioner and sufficient explanations were provided for the remaining amounts. Case-Laws Income Tax Tue, 01 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387780