https://www.taxtmi.com/caselaws?id=243771 The Tribunal upheld the CIT (A)'s decision to delete the penalty u/s 271(1)(c) for the assessment year 2008-2009. The Tribunal found the issue of taxability under different heads debatable and concluded there was no concealment of income or furnishing of inaccurate particulars by the assessee. Therefore, the penalty was not justified, and the Tribunal dismissed the Revenue's appeal. en-us Thu, 30 Jan 2014 00:00:00 +0530 Mon, 10 Feb 2014 08:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243771 The Tribunal upheld the CIT (A)'s decision to delete the penalty u/s 271(1)(c) for the assessment year 2008-2009. The Tribunal found the issue of taxability under different heads debatable and concluded there was no concealment of income or furnishing of inaccurate particulars by the assessee. Therefore, the penalty was not justified, and the Tribunal dismissed the Revenue's appeal. Case-Laws Income Tax Thu, 30 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243771