https://www.taxtmi.com/caselaws?id=65541 The Tribunal allowed the appeal, ruling in favor of the assessee, holding that there was no intention to furnish inaccurate particulars regarding the computation of capital gain on the sale of goodwill. The Tribunal found that the assessee did not act with mala fide intent, disclosed all relevant details, and the difference of opinion with the Assessing Officer did not warrant penalty imposition under section 271(1)(c) of the Income Tax Act for the assessment year 2006-07. en-us Fri, 20 Mar 2009 00:00:00 +0530 Wed, 16 Feb 2011 14:24:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65541 The Tribunal allowed the appeal, ruling in favor of the assessee, holding that there was no intention to furnish inaccurate particulars regarding the computation of capital gain on the sale of goodwill. The Tribunal found that the assessee did not act with mala fide intent, disclosed all relevant details, and the difference of opinion with the Assessing Officer did not warrant penalty imposition under section 271(1)(c) of the Income Tax Act for the assessment year 2006-07. Case-Laws Income Tax Fri, 20 Mar 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65541