https://www.taxtmi.com/caselaws?id=151780 The Tribunal held that the assessee did not conceal or furnish inaccurate particulars of income, acting in good faith and falling victim to fraud by BSAL. Consequently, the penalty under section 271(1)(c) of the Income-tax Act was deemed inapplicable, leading to the partial allowance of the appeal and the deletion of the imposed penalty. en-us Fri, 28 Oct 2005 00:00:00 +0530 Sat, 15 Jun 2013 15:11:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=151780 The Tribunal held that the assessee did not conceal or furnish inaccurate particulars of income, acting in good faith and falling victim to fraud by BSAL. Consequently, the penalty under section 271(1)(c) of the Income-tax Act was deemed inapplicable, leading to the partial allowance of the appeal and the deletion of the imposed penalty. Case-Laws Income Tax Fri, 28 Oct 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=151780