https://www.taxtmi.com/caselaws?id=216884 The Tribunal upheld the CIT(A)'s decision to delete the penalty under section 271(1)(c) for inaccurate particulars of income for the assessment year 2004-05. The revenue's appeal challenging the deletion was dismissed as the Assessee had provided all material information in the return of income, and the disallowances were based on the Assessing Officer's interpretation rather than intentional inaccuracies. The Tribunal found no evidence of concealment or inaccurate particulars of income, in line with relevant case law, leading to the confirmation of the penalty deletion. en-us Tue, 31 Jul 2012 00:00:00 +0530 Sat, 22 Sep 2012 14:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216884 The Tribunal upheld the CIT(A)'s decision to delete the penalty under section 271(1)(c) for inaccurate particulars of income for the assessment year 2004-05. The revenue's appeal challenging the deletion was dismissed as the Assessee had provided all material information in the return of income, and the disallowances were based on the Assessing Officer's interpretation rather than intentional inaccuracies. The Tribunal found no evidence of concealment or inaccurate particulars of income, in line with relevant case law, leading to the confirmation of the penalty deletion. Case-Laws Income Tax Tue, 31 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216884