https://www.taxtmi.com/caselaws?id=238415 The Tribunal canceled the penalty imposed by the Assessing Officer under Section 271(1)(c) of the Income-tax Act, 1961, as the disallowance of commission payments was based on estimation and did not establish concealment or furnishing inaccurate particulars. The Tribunal held that the penalty was not warranted, allowing the assessee's appeal and dismissing the Revenue's appeal. en-us Fri, 27 Sep 2013 00:00:00 +0530 Tue, 22 Oct 2013 08:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=238415 The Tribunal canceled the penalty imposed by the Assessing Officer under Section 271(1)(c) of the Income-tax Act, 1961, as the disallowance of commission payments was based on estimation and did not establish concealment or furnishing inaccurate particulars. The Tribunal held that the penalty was not warranted, allowing the assessee's appeal and dismissing the Revenue's appeal. Case-Laws Income Tax Fri, 27 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=238415