ITAT Ahmedabad Deletes Penalty for Income Escapement on income disclosed voluntarily

Kapilaben Mahendrabha Patel Vs DCIT (ITAT Ahmedabad)

Introduction: In a significant ruling by the Income Tax Appellate Tribunal (ITAT) Ahmedabad, the case of Kapilaben Mahendrabha Patel vs. Deputy Commissioner of Income Tax stands out for its critical examination of penalty levied under section 271(1)(c) of the Income Tax Act, 1961. The appeal by the assessee against the order of the Commissioner of Income Tax (Appeals)-12, Ahmedabad, brings to light the nuances of penalty levies for undisclosed income and the pivotal role of voluntary

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