Declaration of additional incomes when AO confronted with details of Form No. 26AS attract penalty

Manoj S. Gugale Vs ITO (ITAT Pune) Conclusion: Assessee had declared additional incomes when AO confronted with details of Form No. 26AS , it could not be said that declaration of income by assessee was voluntary, therefore, levy of penalty under section 271(1)(c) on account of concealment was justified, especially in view of the fact that similar income had been earned and duly offered to tax during earlier years also. Held: Assessee’s case was picked up for scrutiny. AO noted that there was difference of TDS as per 26AS statement and TDS declared in the return of income. In order to ve...