https://www.taxtmi.com/caselaws?id=56448 The Tribunal concluded that the penalty under Section 271(1)(c) for the assessment year 1992-93 was not justified. The assessee voluntarily disclosed additional income before any detection by the Department, correcting an inadvertent error. The Tribunal found no evidence of concealment and directed the cancellation of the penalty. As a result, the appeal was allowed, and the penalty under Section 271(1)(c) was cancelled. en-us Thu, 11 Jul 2002 00:00:00 +0530 Fri, 03 Dec 2010 17:03:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56448 The Tribunal concluded that the penalty under Section 271(1)(c) for the assessment year 1992-93 was not justified. The assessee voluntarily disclosed additional income before any detection by the Department, correcting an inadvertent error. The Tribunal found no evidence of concealment and directed the cancellation of the penalty. As a result, the appeal was allowed, and the penalty under Section 271(1)(c) was cancelled. Case-Laws Income Tax Thu, 11 Jul 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56448