https://www.taxtmi.com/caselaws?id=218002 The Tribunal allowed the appeal, overturning the penalty imposed under section 271(1)(c) for alleged concealment of income related to international transactions. The Tribunal found that the appellant had furnished all required details, disclosed material facts, and the information provided was not false, leading to the conclusion that no penalty could be levied. en-us Fri, 19 Oct 2012 00:00:00 +0530 Wed, 31 Oct 2012 15:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218002 The Tribunal allowed the appeal, overturning the penalty imposed under section 271(1)(c) for alleged concealment of income related to international transactions. The Tribunal found that the appellant had furnished all required details, disclosed material facts, and the information provided was not false, leading to the conclusion that no penalty could be levied. Case-Laws Income Tax Fri, 19 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218002