https://www.taxtmi.com/caselaws?id=218156 The Department's appeal was dismissed, upholding the CIT(A)'s decision to cancel the penalty. The Tribunal found that the assessee did not conceal income particulars or provide inaccurate information. The explanations given were deemed genuine and reasonable, leading to the penalty cancellation. en-us Mon, 09 Jan 2012 00:00:00 +0530 Tue, 06 Nov 2012 04:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218156 The Department's appeal was dismissed, upholding the CIT(A)'s decision to cancel the penalty. The Tribunal found that the assessee did not conceal income particulars or provide inaccurate information. The explanations given were deemed genuine and reasonable, leading to the penalty cancellation. Case-Laws Income Tax Mon, 09 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218156