https://www.taxtmi.com/caselaws?id=404583 The ITAT Jaipur allowed the appeal, setting aside the penalty imposed under section 271(1)(c) of the Income Tax Act for undisclosed salary income. The ITAT found the omission of salary income from the return to be a bona fide mistake, similar to cases where penalties were deleted for inadvertent errors. Emphasizing the strict construction of penal provisions and the absence of incriminating material during the search, the ITAT directed the deletion of the undisclosed salary income addition, citing a decision favoring the assessee when two interpretations are possible. en-us Thu, 28 Jan 2021 00:00:00 +0530 Fri, 26 Feb 2021 09:41:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404583 The ITAT Jaipur allowed the appeal, setting aside the penalty imposed under section 271(1)(c) of the Income Tax Act for undisclosed salary income. The ITAT found the omission of salary income from the return to be a bona fide mistake, similar to cases where penalties were deleted for inadvertent errors. Emphasizing the strict construction of penal provisions and the absence of incriminating material during the search, the ITAT directed the deletion of the undisclosed salary income addition, citing a decision favoring the assessee when two interpretations are possible. Case-Laws Income Tax Thu, 28 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404583