2018 (7) TMI 1106 - SCH - Income Tax

Penalty u/s 271(1)(c) - assessee filed revised computation of income during the course of assessment proceedings by surrendering a sum on account of unverified creditors and on account of wrong claim of deduction u/s 80G - mere concealment will not be the case for penalty - Held that - There is a delay of 151 days in filing the instant petition for which no satisfactory explanation is given. The special leave petition is dismissed on the ground of delay.