Penalty u/s. 271(1)(c) not sustained in absence of intention to conceal income: ITAT Mumbai

Rohit Chatterji Vs DCIT (ITAT Mumbai)

ITAT Mumbai held that penalty u/s. 271(1)(c) of the Income Tax Act not imposable in absence of wilful intention on the part of the assessee to conceal income since all the errors in original return was rectified vide revised return.

Facts- The assessee is an individual residi

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