Penalty u/s 271(1)(c) deleted as addition for bogus purchases was based on estimation and assesee’s conduct was not found contumacious…
Not striking off penalty notice SC dismisses assessee’s SLP against High Court order holding that it had caused no prejudice…
Concealment penalty for change in method of stock valuation deleted by ITAT. Lower of Cost or market price method was…
Deliberate non production of books of account held as concealment of income. Books maintained in computer even if lost can…
Penalty 271(1)(c) deleted on debatable issue of revenue or capital receipt of the freight subsidy not accounted for on mercantile…
Penalty for concealment can not be imposed when notice issued was for furnishing inaccurate particulars of income - ITAT ABCAUS…
No concealment if income returned and accepted is same where assessee surrenders income at survey action before the end of…
Concealment penalty u/s 271(1)(c) deleted on humanitarian grounds as the assessee had died, his business was closed and his widow…
Concealment penalty deleted as assessee was unaware of tax on sale of property. Assessee agreed to pay taxes on the…
Addition made in computation of income comes under Explanation 1(B) of Section 271(1) related to concealment penalty under the Income…