https://www.taxtmi.com/caselaws?id=456289 The HC dismissed the tax appeal, affirming the ITAT and CIT-A's decision to delete the penalty under section 271(1)(c) of the Income Tax Act. The court found no concealment by the Assessee, as the Rs. 61,00,000 added under section 68 was voluntarily surrendered without any detection or additional information by the Department. en-us Mon, 22 Jul 2013 00:00:00 +0530 Sat, 13 Jul 2024 12:04:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=456289 The HC dismissed the tax appeal, affirming the ITAT and CIT-A's decision to delete the penalty under section 271(1)(c) of the Income Tax Act. The court found no concealment by the Assessee, as the Rs. 61,00,000 added under section 68 was voluntarily surrendered without any detection or additional information by the Department. Case-Laws Income Tax Mon, 22 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=456289