Mere non-filing of an appeal against the additions made by the AO and voluntary surrender of any amount to buy peace of mind alone cannot constitute sufficient grounds for the imposition of a concealment penalty

CIT v Harsh Talwar

High Court of Delhi

ITA No. 1579 of 2010

Decided on: 23 May 2011

Judgment

A.K. Sikri, J

1. This appeal was admitted on the substantial question of law whether the ITAT was correct in law in deleting the penalty imposed by the Assessing

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