https://www.taxtmi.com/caselaws?id=23380 The Tribunal canceled the penalty imposed under section 271(1)(c) of the Income-tax Act, 1961, as the assessee voluntarily disclosed undisclosed income, indicating no concealment. The court affirmed the Tribunal's decision, emphasizing that relief cannot be denied if conditions under section 271(4A) are met. The court held that the penalty was not justified, stressing the importance of considering all aspects before penalizing an assessee for alleged concealment of income. en-us Fri, 16 Dec 1988 00:00:00 +0530 Fri, 18 Dec 2009 17:22:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23380 The Tribunal canceled the penalty imposed under section 271(1)(c) of the Income-tax Act, 1961, as the assessee voluntarily disclosed undisclosed income, indicating no concealment. The court affirmed the Tribunal's decision, emphasizing that relief cannot be denied if conditions under section 271(4A) are met. The court held that the penalty was not justified, stressing the importance of considering all aspects before penalizing an assessee for alleged concealment of income. Case-Laws Income Tax Fri, 16 Dec 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23380