https://www.taxtmi.com/caselaws?id=208693 The Tribunal held that the penalty imposed under Section 271(1)(c) of the Income Tax Act was not justified as there was no concealment by the assessee, and the difference in deduction claimed under Section 10A was due to a mere difference of opinion. The penalty was deleted, and the appeal by the assessee was allowed. en-us Tue, 02 Feb 2010 00:00:00 +0530 Tue, 11 Jun 2013 17:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=208693 The Tribunal held that the penalty imposed under Section 271(1)(c) of the Income Tax Act was not justified as there was no concealment by the assessee, and the difference in deduction claimed under Section 10A was due to a mere difference of opinion. The penalty was deleted, and the appeal by the assessee was allowed. Case-Laws Income Tax Tue, 02 Feb 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=208693