https://www.taxtmi.com/highlights?id=73592 Penalty u/s 271(1)(c) - sale of land was not disclosed in the original return of income - additions during scrutiny assessment - the addition was made by invoking the “deeming provisions” under Section 56(2)(vii)(b) - nothing has been brought on record to demonstrate that the assessee had concealed the particulars of income or had deliberately furnished inaccurate particulars of income. - No penalty - AT en-us Fri, 15 Dec 2023 17:37:26 +0530 Fri, 15 Dec 2023 17:37:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=73592 Penalty u/s 271(1)(c) - sale of land was not disclosed in the original return of income - additions during scrutiny assessment - the addition was made by invoking the “deeming provisions” under Section 56(2)(vii)(b) - nothing has been brought on record to demonstrate that the assessee had concealed the particulars of income or had deliberately furnished inaccurate particulars of income. - No penalty - AT Highlights Income Tax Fri, 15 Dec 2023 17:37:26 +0530 https://www.taxtmi.com/highlights?id=73592