https://www.taxtmi.com/caselaws?id=243715 The appellate tribunal upheld the CIT (A)'s decision to delete the penalty imposed under section 271(1)(c) of the Income Tax Act, as the assessee did not conceal income or furnish inaccurate particulars. The tribunal found that the claims were based on a consistent accounting method disclosed in the return of income. The tribunal dismissed the department's appeal, affirming the CIT (A)'s order. en-us Wed, 05 Feb 2014 00:00:00 +0530 Sat, 08 Feb 2014 10:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243715 The appellate tribunal upheld the CIT (A)'s decision to delete the penalty imposed under section 271(1)(c) of the Income Tax Act, as the assessee did not conceal income or furnish inaccurate particulars. The tribunal found that the claims were based on a consistent accounting method disclosed in the return of income. The tribunal dismissed the department's appeal, affirming the CIT (A)'s order. Case-Laws Income Tax Wed, 05 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243715