https://www.taxtmi.com/caselaws?id=780996 ITAT CHENNAI - AT allowed the appeal and upheld deletion of penalty under s.271(1)(c). The additional income disclosed in the return filed under s.153A was accepted by the AO without variation and was not based on any incriminating material seized during the search; therefore concealment or furnishing of inaccurate particulars with reference to the s.153A return was not established. In these circumstances the penalty was held unwarranted and unsustainable in law, and was deleted. en-us Tue, 21 Oct 2025 00:00:00 +0530 Thu, 06 Nov 2025 15:17:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=780996 ITAT CHENNAI - AT allowed the appeal and upheld deletion of penalty under s.271(1)(c). The additional income disclosed in the return filed under s.153A was accepted by the AO without variation and was not based on any incriminating material seized during the search; therefore concealment or furnishing of inaccurate particulars with reference to the s.153A return was not established. In these circumstances the penalty was held unwarranted and unsustainable in law, and was deleted. Case-Laws Income Tax Tue, 21 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=780996