https://www.taxtmi.com/caselaws?id=57149 The ITAT Amritsar allowed penalty appeals under section 18(1)(c) for the assessment years 1973-74 and 1974-75. The Tribunal found that the penalties imposed for undisclosed amounts were due to inadvertent omissions and not deliberate concealment by the assessee. Despite arguments for penalties based on the assessee's state of mind at the time of filing original returns, the Tribunal concluded that the penalties were unwarranted, as there was no evidence of deliberate concealment. Consequently, the penalties imposed were deleted for both assessment years, and the assessee's appeals were allowed. en-us Sat, 20 Jun 1981 00:00:00 +0530 Wed, 08 Dec 2010 16:15:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57149 The ITAT Amritsar allowed penalty appeals under section 18(1)(c) for the assessment years 1973-74 and 1974-75. The Tribunal found that the penalties imposed for undisclosed amounts were due to inadvertent omissions and not deliberate concealment by the assessee. Despite arguments for penalties based on the assessee's state of mind at the time of filing original returns, the Tribunal concluded that the penalties were unwarranted, as there was no evidence of deliberate concealment. Consequently, the penalties imposed were deleted for both assessment years, and the assessee's appeals were allowed. Case-Laws Wealth-tax Sat, 20 Jun 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57149