https://www.taxtmi.com/caselaws?id=389863 The Tribunal confirmed the penalty under Section 271(1)(c) of the Income Tax Act, 1961, but distinguished between the penalty on income declared in the revised return and income detected during assessment. The penalty on the difference between the declared income and detected income was upheld, following precedent. The penalty on the declared income in the revised return was deleted. The appeal was partly allowed, with the order pronounced on 30.09.2019. en-us Mon, 30 Sep 2019 00:00:00 +0530 Wed, 18 Dec 2019 14:21:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389863 The Tribunal confirmed the penalty under Section 271(1)(c) of the Income Tax Act, 1961, but distinguished between the penalty on income declared in the revised return and income detected during assessment. The penalty on the difference between the declared income and detected income was upheld, following precedent. The penalty on the declared income in the revised return was deleted. The appeal was partly allowed, with the order pronounced on 30.09.2019. Case-Laws Income Tax Mon, 30 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389863