Wilful concealment is not an essential ingredient for attracting penalty under section 271(1)(c) of IT Act : ITAT Mumbai

RELEVANT PARAGRAPH

7. We have heard both the parties and perused the relevant orders of the revenue authorities, the orders of the Tribunal as in quantum appeals, write-ups and the details relating to the investigations undertaken by the AO during the set aside proceedings referred to in the said orders. Factually, the assessee is a Cable Work Contractor and executed various contracts in the names of various concerns and received labor contract receipts. At the

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