https://www.taxtmi.com/caselaws?id=397908 The Tribunal allowed the appeal, holding that the penalty under Section 271(1)(c) was not sustainable as there was no concealment in the return of income filed in response to the notice under Section 148. The Tribunal's decision was based on the principle that penalty cannot be imposed unless there is actual concealment or non-disclosure in the income tax return. Other appeals with similar issues were also allowed based on this reasoning. en-us Wed, 19 Aug 2020 00:00:00 +0530 Tue, 01 Sep 2020 13:36:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397908 The Tribunal allowed the appeal, holding that the penalty under Section 271(1)(c) was not sustainable as there was no concealment in the return of income filed in response to the notice under Section 148. The Tribunal's decision was based on the principle that penalty cannot be imposed unless there is actual concealment or non-disclosure in the income tax return. Other appeals with similar issues were also allowed based on this reasoning. Case-Laws Income Tax Wed, 19 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397908