Mere agreeing to increased net profit rate, by itself was no ground to levy penalty u/s 271(1)(c) when it was…
Penalty u/s 271(1)(c) deleted for claiming depreciation on assets for which invoices were raised by the vendor in the name…
Not disclosing salary was not concealment when TDS also not claimed by the assessee. ITAT deleted penalty holding that there…
When assessee during assessment proceedings voluntarily admitted mistake then mere absence of revised return would not justify penalty u/s 271(1)(c)…
No Penalty u/s 271(1)(c) can be imposed by CIT without recording satisfaction in revision order 263. Provision of Section 271(1B)…
Validity of Penalty notice non striking off relevant limb u/s 271(1)(c) upheld when subsequent opportunity notices sent by AO were…
When assessee surrendered exemption claimed on the condition that penalty proceedings u/s 271(1)(c) are not initiated there was no question…
Mere making a claim for set off of losses not furnishing inaccurate particulars of income as it was personal opinion…
Not disclosing accrued FDR interest payable on maturity was not Concealment. Penalty deleted as interest was payable on termination or…
No concealment penalty can be levied for only change of head of income - ITAT deleted penalty for change head…