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![Income Tax Penalty cannot be levied on Voluntarily Surrendered Income during Survey: ITAT [Read Order] Income Tax Penalty cannot be levied on Voluntarily Surrendered Income during Survey: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Income-Tax-Penalty-levied-Voluntarily-surrendered-Income-Survey-ITAT-Taxscan.jpg)
Income Tax Penalty cannot be levied on Voluntarily Surrendered Income during Survey: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune bench has held that the income tax penalty under section 271(1)(c) of the Income Tax Act, 1961 cannot...


![ITAT deletes Penalty since Assessee Voluntarily surrendered Income [Read Order] ITAT deletes Penalty since Assessee Voluntarily surrendered Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/08/ITAT-Penalty-Assessee-Voluntarily-surrendered-Income-Taxscan.jpg)