https://www.taxtmi.com/caselaws?id=55722 The Tribunal upheld the penalty imposed under section 271(1)(c) of the Income-tax Act, reducing the amount from Rs. 6,97,270 to Rs. 3,48,635. It concluded that the revised return was not filed voluntarily but after detection by the Assessing Officer, disqualifying the assessee from the benefits of the Amnesty Scheme. The appeal was partially allowed, emphasizing the detection of concealed income as the basis for imposing the penalty. en-us Sun, 10 Oct 1993 00:00:00 +0530 Mon, 29 Nov 2010 16:35:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55722 The Tribunal upheld the penalty imposed under section 271(1)(c) of the Income-tax Act, reducing the amount from Rs. 6,97,270 to Rs. 3,48,635. It concluded that the revised return was not filed voluntarily but after detection by the Assessing Officer, disqualifying the assessee from the benefits of the Amnesty Scheme. The appeal was partially allowed, emphasizing the detection of concealed income as the basis for imposing the penalty. Case-Laws Income Tax Sun, 10 Oct 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55722