https://www.taxtmi.com/caselaws?id=151571 The appeal was allowed, and the penalty imposed under section 271(1)(c) of the Income-tax Act, 1961 was directed to be deleted. The Tribunal found no justification for the penalty as the necessary information was provided by the assessee, and there was no conscious act of concealment or furnishing inaccurate particulars of income. The decision was based on precedents and the distinction between quantum and penalty proceedings. The order was pronounced on August 24, 2009. en-us Mon, 24 Aug 2009 00:00:00 +0530 Fri, 07 Jun 2013 15:32:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=151571 The appeal was allowed, and the penalty imposed under section 271(1)(c) of the Income-tax Act, 1961 was directed to be deleted. The Tribunal found no justification for the penalty as the necessary information was provided by the assessee, and there was no conscious act of concealment or furnishing inaccurate particulars of income. The decision was based on precedents and the distinction between quantum and penalty proceedings. The order was pronounced on August 24, 2009. Case-Laws Income Tax Mon, 24 Aug 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=151571