https://www.taxtmi.com/caselaws?id=151299 The appeal against the levy of penalty under section 271(1)(c) of the Income-tax Act, concerning the treatment of receipt from the sale of plants and trees as agricultural income, was successful. The Appellate Tribunal set aside the penalty imposed, ruling that the assessee had not concealed any particulars and had provided necessary details. Citing legal precedent, the Tribunal found the assessee's claim was not ex facie bogus, leading to the deletion of the penalty. en-us Mon, 31 May 2010 00:00:00 +0530 Mon, 03 Jun 2013 17:39:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=151299 The appeal against the levy of penalty under section 271(1)(c) of the Income-tax Act, concerning the treatment of receipt from the sale of plants and trees as agricultural income, was successful. The Appellate Tribunal set aside the penalty imposed, ruling that the assessee had not concealed any particulars and had provided necessary details. Citing legal precedent, the Tribunal found the assessee's claim was not ex facie bogus, leading to the deletion of the penalty. Case-Laws Income Tax Mon, 31 May 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=151299