https://www.taxtmi.com/caselaws?id=770438 ITAT Pune held that penalty under section 271(1)(c) was not imposable where the assessee had voluntarily paid tax and interest before issuance of notice under section 148, despite filing revised return after notice. The tribunal found that tax payment on 27-05-2019 preceded the notice dated 03-03-2020, demonstrating voluntary compliance. The AO accepted the revised return filed in response to section 148 notice. The tribunal rejected revenue's contention that penalty was inevitable due to non-voluntary revised return, emphasizing prior voluntary tax payment. Appeal allowed. en-us Thu, 08 May 2025 00:00:00 +0530 Sat, 10 May 2025 08:36:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770438 ITAT Pune held that penalty under section 271(1)(c) was not imposable where the assessee had voluntarily paid tax and interest before issuance of notice under section 148, despite filing revised return after notice. The tribunal found that tax payment on 27-05-2019 preceded the notice dated 03-03-2020, demonstrating voluntary compliance. The AO accepted the revised return filed in response to section 148 notice. The tribunal rejected revenue's contention that penalty was inevitable due to non-voluntary revised return, emphasizing prior voluntary tax payment. Appeal allowed. Case-Laws Income Tax Thu, 08 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770438