Mere non-production of donor would not attract penalty for concealment if Gift disclosed in Return

IN THE ITAT DELHI BENCH ‘SMC’ Miter Sain (HUF) versus Income-tax Officer, Ward-II IT Appeal Nos. 2856 TO 2858 & 2919 (Delhi) of 2007 & 4416 to 4419 (Delhi) of 2010 [Assessment years 1993-94 & 1994-95] AUGUST 27, 2012 ORDER 1. These appeals by the respective assessees are filed against the orders of the Ld. Commissioner of Income Tax (A) on quantum as well as penalty issue. Since the matters are connected and the case were heard together, hence, these are being consolidated by this common order for the sake of convenience. I.T.A. NOS. 2856, 2857, 2858 &a...