https://www.taxtmi.com/caselaws?id=438030 The Tribunal upheld the CIT(A)'s decision, ruling that the assessee's disclosure of Rs. 1,80,00,000 during the survey and in the return of income within the prescribed time did not amount to inaccurate particulars of income. The penalty was deleted on the declared income but confirmed on the remaining disputed income of Rs. 4,08,097. The Tribunal emphasized that penalty cannot be imposed when there is complete disclosure of income, dismissing the Revenue's appeal and upholding the CIT(A)'s order. en-us Wed, 17 May 2023 00:00:00 +0530 Sat, 20 May 2023 08:50:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=438030 The Tribunal upheld the CIT(A)'s decision, ruling that the assessee's disclosure of Rs. 1,80,00,000 during the survey and in the return of income within the prescribed time did not amount to inaccurate particulars of income. The penalty was deleted on the declared income but confirmed on the remaining disputed income of Rs. 4,08,097. The Tribunal emphasized that penalty cannot be imposed when there is complete disclosure of income, dismissing the Revenue's appeal and upholding the CIT(A)'s order. Case-Laws Income Tax Wed, 17 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=438030