https://www.taxtmi.com/caselaws?id=284999 The Tribunal allowed the appeal, canceling the penalty of Rs. 2,20,617/- levied under section 271(1)(c) of the Income Tax Act. The penalty was deemed unjustified as the additional income was disclosed in a valid return filed after the survey, and there was no concealment or non-disclosure warranting the penalty. The order was pronounced on June 5, 2018. en-us Tue, 05 Jun 2018 00:00:00 +0530 Fri, 20 Dec 2019 18:14:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284999 The Tribunal allowed the appeal, canceling the penalty of Rs. 2,20,617/- levied under section 271(1)(c) of the Income Tax Act. The penalty was deemed unjustified as the additional income was disclosed in a valid return filed after the survey, and there was no concealment or non-disclosure warranting the penalty. The order was pronounced on June 5, 2018. Case-Laws Income Tax Tue, 05 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284999