Valuation substitution u/s 50C doesn't imply income concealment or inaccurate details, no penalty warranted.
X X X X Extracts X X X X
X X X X Extracts X X X X
....Penalty for concealment – Just because there is a substitution of valuation u/s 50C as the fair value, it cannot be said that there was any concealment of income or furnishing of inaccurate particulars - AT....
TaxTMI