https://www.taxtmi.com/caselaws?id=57273 The Tribunal upheld the CIT(A)'s decision that no penalty under section 271(1)(c) should be imposed on the assessee for concealing income through a revised return filed voluntarily. The Department accepted the revised return, no additions were made to the disclosed income, and the Tribunal emphasized the provision allowing revision of returns until assessment completion. Therefore, the Revenue's appeal was dismissed, affirming that penalty imposition was unwarranted in this case. en-us Thu, 08 Feb 2001 00:00:00 +0530 Thu, 09 Dec 2010 12:33:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57273 The Tribunal upheld the CIT(A)'s decision that no penalty under section 271(1)(c) should be imposed on the assessee for concealing income through a revised return filed voluntarily. The Department accepted the revised return, no additions were made to the disclosed income, and the Tribunal emphasized the provision allowing revision of returns until assessment completion. Therefore, the Revenue's appeal was dismissed, affirming that penalty imposition was unwarranted in this case. Case-Laws Income Tax Thu, 08 Feb 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57273