https://www.taxtmi.com/caselaws?id=417734 The Appellate Tribunal ITAT Pune upheld the decision of the CIT(A) to delete the penalty imposed under section 271(1)(c) of the Income Tax Act for concealment of income by the assessee, a doctor. The Tribunal agreed with the CIT(A)'s reasoning that since the assessment was completed based on the income declared, including additional income disclosed during a survey without further additions, there was no justification for the penalty. The Revenue's appeal challenging the deletion of the penalty was dismissed, and the decision was pronounced on 20th January 2022. en-us Thu, 20 Jan 2022 00:00:00 +0530 Mon, 31 Jan 2022 07:19:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417734 The Appellate Tribunal ITAT Pune upheld the decision of the CIT(A) to delete the penalty imposed under section 271(1)(c) of the Income Tax Act for concealment of income by the assessee, a doctor. The Tribunal agreed with the CIT(A)'s reasoning that since the assessment was completed based on the income declared, including additional income disclosed during a survey without further additions, there was no justification for the penalty. The Revenue's appeal challenging the deletion of the penalty was dismissed, and the decision was pronounced on 20th January 2022. Case-Laws Income Tax Thu, 20 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417734