https://www.taxtmi.com/caselaws?id=118913 The Tribunal held that the assessee did not furnish inaccurate particulars of income and had disclosed all material facts. The claim regarding the cost of acquisition of bonus shares was based on a bona fide interpretation of the law. Consequently, the penalty imposed under section 271(1)(c) of the Income-tax Act was deleted, and the appeal of the assessee was allowed. en-us Mon, 01 Aug 2005 00:00:00 +0530 Fri, 06 Jul 2012 16:45:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118913 The Tribunal held that the assessee did not furnish inaccurate particulars of income and had disclosed all material facts. The claim regarding the cost of acquisition of bonus shares was based on a bona fide interpretation of the law. Consequently, the penalty imposed under section 271(1)(c) of the Income-tax Act was deleted, and the appeal of the assessee was allowed. Case-Laws Income Tax Mon, 01 Aug 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118913