https://www.taxtmi.com/caselaws?id=770078 Income Tax Tribunal analyzed penalty provisions under section 271(1)(c) regarding income declaration discrepancies. The SC held that penalty is not automatic and requires proof of deliberate concealment. When a search-related return under section 153A is accepted without additions, penalty cannot be imposed based on differences from the original return. The Tribunal deleted the Rs. 6,200 penalty, finding no intentional misrepresentation by the assessee. en-us Wed, 30 Apr 2025 00:00:00 +0530 Tue, 06 May 2025 09:58:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770078 Income Tax Tribunal analyzed penalty provisions under section 271(1)(c) regarding income declaration discrepancies. The SC held that penalty is not automatic and requires proof of deliberate concealment. When a search-related return under section 153A is accepted without additions, penalty cannot be imposed based on differences from the original return. The Tribunal deleted the Rs. 6,200 penalty, finding no intentional misrepresentation by the assessee. Case-Laws Income Tax Wed, 30 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770078