https://www.taxtmi.com/caselaws?id=416035 The Tribunal upheld the Commissioner of Income Tax (Appeals)' decision to delete the penalty imposed under Section 271(1)(c) of the Income Tax Act, 1961. The Tribunal found that the Revenue's appeal lacked substantial evidence to prove deliberate concealment of income, leading to the dismissal of the appeal. The penalty was deemed not sustainable in law, and the order was pronounced on 25/11/2021 in Open Court. en-us Thu, 25 Nov 2021 00:00:00 +0530 Mon, 20 Dec 2021 09:25:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416035 The Tribunal upheld the Commissioner of Income Tax (Appeals)' decision to delete the penalty imposed under Section 271(1)(c) of the Income Tax Act, 1961. The Tribunal found that the Revenue's appeal lacked substantial evidence to prove deliberate concealment of income, leading to the dismissal of the appeal. The penalty was deemed not sustainable in law, and the order was pronounced on 25/11/2021 in Open Court. Case-Laws Income Tax Thu, 25 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416035