https://www.taxtmi.com/caselaws?id=405129 The ITAT allowed the appeal, ruling that the appellant cannot be penalized for non-disclosure as the income was voluntarily declared in the revised return without prior notice under section 148. The ITAT emphasized that taxes were paid with interest, and the revised return was not in response to a notice. Consequently, the ITAT directed the AO to delete the penalty imposed under section 271(1)(C) of the Act. en-us Tue, 19 Jan 2021 00:00:00 +0530 Fri, 12 Mar 2021 08:37:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405129 The ITAT allowed the appeal, ruling that the appellant cannot be penalized for non-disclosure as the income was voluntarily declared in the revised return without prior notice under section 148. The ITAT emphasized that taxes were paid with interest, and the revised return was not in response to a notice. Consequently, the ITAT directed the AO to delete the penalty imposed under section 271(1)(C) of the Act. Case-Laws Income Tax Tue, 19 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405129