https://www.taxtmi.com/caselaws?id=56936 The Tribunal allowed the appeal, ruling that the penalty under Section 271(1)(c) was unwarranted as there was no concealment of income or filing of inaccurate particulars. The Tribunal emphasized that the revised return under the Amnesty Scheme did not imply an admission of guilt and cited various judicial precedents. The penalty imposed by the Assessing Officer and upheld by the CIT(A) was overturned. en-us Wed, 25 Nov 1992 00:00:00 +0530 Tue, 07 Dec 2010 14:04:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56936 The Tribunal allowed the appeal, ruling that the penalty under Section 271(1)(c) was unwarranted as there was no concealment of income or filing of inaccurate particulars. The Tribunal emphasized that the revised return under the Amnesty Scheme did not imply an admission of guilt and cited various judicial precedents. The penalty imposed by the Assessing Officer and upheld by the CIT(A) was overturned. Case-Laws Income Tax Wed, 25 Nov 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56936