https://www.taxtmi.com/caselaws?id=76688 The High Court dismissed the appeal, finding no concealment or furnishing of inaccurate particulars in the case of penalty assessment under Section 271(1)(c) of the Income Tax Act for investments written off. The court upheld the tribunal's decision, ruling in favor of the assessee and emphasizing the disclosure of all material facts. No costs were awarded, and the appeal was deemed to lack merit. en-us Thu, 03 Jun 2010 00:00:00 +0530 Fri, 28 Dec 2012 16:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=76688 The High Court dismissed the appeal, finding no concealment or furnishing of inaccurate particulars in the case of penalty assessment under Section 271(1)(c) of the Income Tax Act for investments written off. The court upheld the tribunal's decision, ruling in favor of the assessee and emphasizing the disclosure of all material facts. No costs were awarded, and the appeal was deemed to lack merit. Case-Laws Income Tax Thu, 03 Jun 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=76688