https://www.taxtmi.com/caselaws?id=238613 The Tribunal upheld the CIT(A)'s decision to delete the penalty of Rs. 85,50,751/- imposed under Section 271(1)(c) of the Income Tax Act for furnishing inaccurate particulars of income. The Tribunal found that the assessee had disclosed all relevant particulars and that the tax liability under Section 115JB was not affected by the reassessment. The appeal of the Revenue was dismissed, confirming the deletion of the penalty. en-us Tue, 11 Jun 2013 00:00:00 +0530 Tue, 22 Oct 2013 18:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=238613 The Tribunal upheld the CIT(A)'s decision to delete the penalty of Rs. 85,50,751/- imposed under Section 271(1)(c) of the Income Tax Act for furnishing inaccurate particulars of income. The Tribunal found that the assessee had disclosed all relevant particulars and that the tax liability under Section 115JB was not affected by the reassessment. The appeal of the Revenue was dismissed, confirming the deletion of the penalty. Case-Laws Income Tax Tue, 11 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=238613