https://www.taxtmi.com/caselaws?id=214345 The tribunal concluded that the appellant had not concealed income or furnished inaccurate particulars, and the claim for deduction was bona fide and adequately disclosed. The tribunal held that the penalty under Section 271(1)(c) was not leviable and directed the Assessing Officer to levy the penalty at 100% of the tax sought to be evaded, instead of the maximum of 300%. The appeal of the appellant was partly allowed. en-us Thu, 07 Apr 2011 00:00:00 +0530 Fri, 12 Aug 2016 16:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=214345 The tribunal concluded that the appellant had not concealed income or furnished inaccurate particulars, and the claim for deduction was bona fide and adequately disclosed. The tribunal held that the penalty under Section 271(1)(c) was not leviable and directed the Assessing Officer to levy the penalty at 100% of the tax sought to be evaded, instead of the maximum of 300%. The appeal of the appellant was partly allowed. Case-Laws Income Tax Thu, 07 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=214345