https://www.taxtmi.com/caselaws?id=209424 The Tribunal concluded that the penalties imposed under section 271(1)(c) of the Income Tax Act were not justified as there was no clear establishment of the charge of concealment of income or furnishing inaccurate particulars of income. The penalties were directed to be deleted for each of the years under consideration, and the appeals were allowed. en-us Thu, 23 Sep 2010 00:00:00 +0530 Tue, 07 Feb 2012 18:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=209424 The Tribunal concluded that the penalties imposed under section 271(1)(c) of the Income Tax Act were not justified as there was no clear establishment of the charge of concealment of income or furnishing inaccurate particulars of income. The penalties were directed to be deleted for each of the years under consideration, and the appeals were allowed. Case-Laws Income Tax Thu, 23 Sep 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=209424