https://www.taxtmi.com/highlights?id=70179 Penalty u/s. 271(l)(c) - Voluntary disclosure of income or not - revised return of income in which the assessee disclosed details of sale of immovable properties - It is a well-settled principle of law that if the assessee has made disclosure in the return of income, without the Department having brought the fact of omission on part of the assessee to the notice of the assessee, then it cannot be inferred that the revised return was filed pursuant to the omission having been detected by the Department. - AT en-us Wed, 07 Jun 2023 13:42:31 +0530 Wed, 07 Jun 2023 13:42:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=70179 Penalty u/s. 271(l)(c) - Voluntary disclosure of income or not - revised return of income in which the assessee disclosed details of sale of immovable properties - It is a well-settled principle of law that if the assessee has made disclosure in the return of income, without the Department having brought the fact of omission on part of the assessee to the notice of the assessee, then it cannot be inferred that the revised return was filed pursuant to the omission having been detected by the Department. - AT Highlights Income Tax Wed, 07 Jun 2023 13:42:31 +0530 https://www.taxtmi.com/highlights?id=70179