https://www.taxtmi.com/caselaws?id=204385 The ITAT canceled the penalties imposed under section 271(1)(c) in all three instances as the assessee made bona fide claims with full disclosure, and there was no concealment or furnishing of inaccurate particulars of income. The appeal of the assessee was allowed, and the penalties were deemed unjustified. en-us Fri, 30 Jul 2010 00:00:00 +0530 Wed, 08 Aug 2012 17:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=204385 The ITAT canceled the penalties imposed under section 271(1)(c) in all three instances as the assessee made bona fide claims with full disclosure, and there was no concealment or furnishing of inaccurate particulars of income. The appeal of the assessee was allowed, and the penalties were deemed unjustified. Case-Laws Income Tax Fri, 30 Jul 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=204385