https://www.taxtmi.com/caselaws?id=151658 The Tribunal upheld the decision to cancel the penalty imposed under section 271(1)(c) of the Income-tax Act, noting that the assessee had disclosed all material facts and the issue was debatable. The Tribunal found that the assessee did not conceal income or furnish inaccurate particulars, leading to the dismissal of the Revenue's appeal. en-us Fri, 04 Sep 2009 00:00:00 +0530 Tue, 11 Jun 2013 14:15:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=151658 The Tribunal upheld the decision to cancel the penalty imposed under section 271(1)(c) of the Income-tax Act, noting that the assessee had disclosed all material facts and the issue was debatable. The Tribunal found that the assessee did not conceal income or furnish inaccurate particulars, leading to the dismissal of the Revenue's appeal. Case-Laws Income Tax Fri, 04 Sep 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=151658