https://www.taxtmi.com/caselaws?id=208459 The ITAT dismissed the revenue's appeal, upholding the CIT(A)'s decision to exclude a portion of expenses from penalty calculation. It was determined that the disagreement over expense apportionment did not constitute furnishing inaccurate income particulars. The penalty under section 271(1)(c) was deemed inapplicable, leading to the dismissal of the revenue's appeal. en-us Fri, 29 Jan 2010 00:00:00 +0530 Sat, 08 Jun 2013 11:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=208459 The ITAT dismissed the revenue's appeal, upholding the CIT(A)'s decision to exclude a portion of expenses from penalty calculation. It was determined that the disagreement over expense apportionment did not constitute furnishing inaccurate income particulars. The penalty under section 271(1)(c) was deemed inapplicable, leading to the dismissal of the revenue's appeal. Case-Laws Income Tax Fri, 29 Jan 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=208459