https://www.taxtmi.com/caselaws?id=56833 The Tribunal allowed the appeal, deleting the penalties imposed under section 271(1)(c). It concluded that the alleged income from the agency commission did not accrue during the year, and the disallowance of rent, electricity, and water charges was a matter of opinion rather than concealment. The submission of a revised return under the Amnesty Scheme did not equate to an admission of concealment or filing inaccurate particulars. The Tribunal also noted that the CIT(A) could not change the basis of the penalty from concealment to filing inaccurate particulars. en-us Wed, 25 Nov 1992 00:00:00 +0530 Mon, 06 Dec 2010 18:44:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56833 The Tribunal allowed the appeal, deleting the penalties imposed under section 271(1)(c). It concluded that the alleged income from the agency commission did not accrue during the year, and the disallowance of rent, electricity, and water charges was a matter of opinion rather than concealment. The submission of a revised return under the Amnesty Scheme did not equate to an admission of concealment or filing inaccurate particulars. The Tribunal also noted that the CIT(A) could not change the basis of the penalty from concealment to filing inaccurate particulars. Case-Laws Income Tax Wed, 25 Nov 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56833