https://www.taxtmi.com/caselaws?id=119646 The Tribunal upheld the CIT(A)'s decision to cancel the penalty imposed under section 271(1)(c) for furnishing inaccurate particulars of income, citing the absence of conscious concealment by the assessee and jurisdictional defect in the Assessing Officer's satisfaction. The department's appeal was dismissed, emphasizing that penalty proceedings require a distinct appraisal of material separate from assessment proceedings. en-us Thu, 25 Jan 2007 00:00:00 +0530 Thu, 12 Jul 2012 13:29:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=119646 The Tribunal upheld the CIT(A)'s decision to cancel the penalty imposed under section 271(1)(c) for furnishing inaccurate particulars of income, citing the absence of conscious concealment by the assessee and jurisdictional defect in the Assessing Officer's satisfaction. The department's appeal was dismissed, emphasizing that penalty proceedings require a distinct appraisal of material separate from assessment proceedings. Case-Laws Income Tax Thu, 25 Jan 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=119646