Allowing the appeal the Tribunal held that there was no concealment or furnishing inaccurate particulars of income as the assessee had made a complete disclosure in the returns and offered the additional amount to tax. The Assessing Officer was directed to delete the penalty.(AY. 2011-12, 2012-13)
Kirloskar Chillers Pvt. Ltd. v. Jt. CIT (2022) 98 ITR 74 (SN)(Pune) (Trib)
S. 271(1)(c) : Penalty-Concealment-Bogus purchases-Survey-Additional income declared in the revised return-Penalty was deleted.