No concealment when all information available for determining income given voluntarily by assessee either in return or at the time…
Penalty u/s 271(1)(c) upheld despite notice without striking off the not applicable charge as in penalty order AO specified the…
Concealment Penalty cannot be levied on rejection of a bonafide claim. Even assessee with great expertise could make silly mistake…
No penalty can be imposed u/s 271(1)(c) on preponderance of probabilities and Revenue has to prove that claim of expenses…
Penalty 271(1)(c) deleted as employee was misguided by employer cooperative bank that interest income was exempt ABCAUS Case Law Citation:ABCAUS…
Concealment penalty on filing revised return after enquiry by Investigation Wing deleted as revised return was within the stipulated period…
Penalty u/s 271(1)(c) on proportionate disallowance of interest expenses towards interest free advances given by the assessee deleted ABCAUS Case…
Deliberate non production of books of account held as concealment of income. Books maintained in computer even if lost can…
No Concealment if return revised due to search of other person when assessee voluntarily filed revised ITR and no proceedings…
In a latest judgment, ITAT Chennai has quashed penalty proceedings u/s 271(1)(c) for concealment holding that there is a difference…