https://www.taxtmi.com/caselaws?id=243089 The appellate tribunal upheld the CIT(A)'s decision to delete the penalty imposed by the revenue. It was determined that there was no concealment of income, the issues allowed for multiple interpretations, and the tax liability was not inaccurately disclosed. en-us Wed, 31 Jul 2013 00:00:00 +0530 Sat, 25 Jan 2014 18:18:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243089 The appellate tribunal upheld the CIT(A)'s decision to delete the penalty imposed by the revenue. It was determined that there was no concealment of income, the issues allowed for multiple interpretations, and the tax liability was not inaccurately disclosed. Case-Laws Income Tax Wed, 31 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243089