https://www.taxtmi.com/caselaws?id=208294 The Income-tax Appellate Tribunal dismissed the Departmental appeal, upholding the cancellation of the penalty under section 271(1)(c). The Tribunal found that the disallowance of the deduction was due to a mere difference of opinion and not deliberate omission or inaccurate particulars. The appellant had disclosed all relevant facts, leading to the cancellation of the penalty. The final judgment was pronounced on January 11, 2010. en-us Mon, 11 Jan 2010 00:00:00 +0530 Thu, 30 May 2013 16:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=208294 The Income-tax Appellate Tribunal dismissed the Departmental appeal, upholding the cancellation of the penalty under section 271(1)(c). The Tribunal found that the disallowance of the deduction was due to a mere difference of opinion and not deliberate omission or inaccurate particulars. The appellant had disclosed all relevant facts, leading to the cancellation of the penalty. The final judgment was pronounced on January 11, 2010. Case-Laws Income Tax Mon, 11 Jan 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=208294