https://www.taxtmi.com/caselaws?id=753923 ITAT Indore-AT allowed assessee's appeal against penalty u/s 271(1)(c) of Rs. 2,10,000/-. Though assessee filed return after notice u/s 148 making income declaration non-voluntary, penalty was deleted as amount of tax sought to be evaded was nil. Total tax assessed was Rs. 2,08,142/- while self-assessment tax paid before notice u/s 148 was Rs. 2,16,470/-, resulting in nil balance. Under Explanation 4 to Section 271(1)(c), when tax sought to be evaded is nil, penalty cannot be levied. en-us Thu, 16 May 2024 00:00:00 +0530 Mon, 16 Dec 2024 12:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=753923 ITAT Indore-AT allowed assessee's appeal against penalty u/s 271(1)(c) of Rs. 2,10,000/-. Though assessee filed return after notice u/s 148 making income declaration non-voluntary, penalty was deleted as amount of tax sought to be evaded was nil. Total tax assessed was Rs. 2,08,142/- while self-assessment tax paid before notice u/s 148 was Rs. 2,16,470/-, resulting in nil balance. Under Explanation 4 to Section 271(1)(c), when tax sought to be evaded is nil, penalty cannot be levied. Case-Laws Income Tax Thu, 16 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=753923