https://www.taxtmi.com/caselaws?id=243944 The court upheld the Tribunal's decision to quash the penalty imposed under Section 271(1)(c) of the Income Tax Act, 1961, as the Assessing Officer failed to determine whether the assessee concealed income or provided inaccurate particulars. Emphasizing the need for a definitive conclusion in penalty cases, the court dismissed the Revenue's appeal, stating no substantial legal question arose from the Tribunal's decision. en-us Mon, 24 Jun 2013 00:00:00 +0530 Thu, 13 Feb 2014 17:13:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243944 The court upheld the Tribunal's decision to quash the penalty imposed under Section 271(1)(c) of the Income Tax Act, 1961, as the Assessing Officer failed to determine whether the assessee concealed income or provided inaccurate particulars. Emphasizing the need for a definitive conclusion in penalty cases, the court dismissed the Revenue's appeal, stating no substantial legal question arose from the Tribunal's decision. Case-Laws Income Tax Mon, 24 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243944