No penalty on income voluntarily declared in ROI after receipt of section 148 notice

Pooja Upadhyay Vs ITO (ITAT Jaipur) It is not in dispute that in the present case, notice u/s 133(6) was issued on 08.03.2019 immediately thereafter the assessee voluntarily deposited the tax along with the computation of income in response to the said notice vide letter dated 25.03.2019. It only after this the AO issued notice u/s 148 (i.e. on 30.03.2019). The assessee on his own after receiving notice u/s 148 voluntarily declared the income in ROI and paid taxes of thereon i.e. even before providing reason recorded for the escapement of income. The aforesaid explanation given by the assessee...