https://www.taxtmi.com/caselaws?id=439692 The Tribunal allowed the appeal, setting aside the penalty imposed under section 271(1)(c) of the Income Tax Act, 1961. The penalty was deleted as the Revenue failed to establish willful concealment of income, emphasizing that quantum proceedings do not automatically justify penalties. The order was pronounced on 31/03/2023 at Ahmedabad. en-us Fri, 31 Mar 2023 00:00:00 +0530 Fri, 30 Jun 2023 09:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=439692 The Tribunal allowed the appeal, setting aside the penalty imposed under section 271(1)(c) of the Income Tax Act, 1961. The penalty was deleted as the Revenue failed to establish willful concealment of income, emphasizing that quantum proceedings do not automatically justify penalties. The order was pronounced on 31/03/2023 at Ahmedabad. Case-Laws Income Tax Fri, 31 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=439692