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![No Penalty If Assessee Voluntarily admits Income through second Revised Return: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/12/No-Penalty-Taxscan.jpg "No Penalty If Assessee Voluntarily admits Income through second Revised Return: ITAT [Read Order]")
No Penalty If Assessee Voluntarily admits Income through second Revised Return: ITAT [Read Order]
The Income Tax Appellate Tribunal Kolkata bench, last day ruled that penalty under section 271AAA of the Income tax act, 1961 should not be levied...
![Income Voluntarily surrendered during Search cannot be treated as ‘Undisclosed Income’ for Imposing Penalty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/10/Undisclosed-Income-Taxscan.jpg "Income Voluntarily surrendered during Search cannot be treated as ‘Undisclosed Income’ for Imposing Penalty: ITAT [Read Order]")