https://www.taxtmi.com/caselaws?id=241257 The Tribunal upheld the CIT(A)'s decision to delete the penalty imposed under Section 271(1)(c) of the Income Tax Act, noting that the disallowance under Section 14A was based on estimation and Rule 8D was not applicable for the relevant assessment year. It was found that no inaccurate particulars of income were furnished by the assessee, and the mere disallowance of a claim did not amount to inaccurate particulars. The Revenue's appeal was dismissed. en-us Tue, 19 Mar 2013 00:00:00 +0530 Fri, 18 Mar 2016 14:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=241257 The Tribunal upheld the CIT(A)'s decision to delete the penalty imposed under Section 271(1)(c) of the Income Tax Act, noting that the disallowance under Section 14A was based on estimation and Rule 8D was not applicable for the relevant assessment year. It was found that no inaccurate particulars of income were furnished by the assessee, and the mere disallowance of a claim did not amount to inaccurate particulars. The Revenue's appeal was dismissed. Case-Laws Income Tax Tue, 19 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=241257