https://www.taxtmi.com/caselaws?id=246039 The ITAT Delhi dismissed the Revenue's appeal and upheld the decision to delete the penalty imposed under section 271(1)(c) as the assessee did not furnish inaccurate particulars. The ITAT emphasized that the mere disallowance of certain claims does not automatically warrant a penalty under the said section. The judgment was pronounced on 11th April, 2014. en-us Fri, 11 Apr 2014 00:00:00 +0530 Tue, 15 Apr 2014 10:05:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=246039 The ITAT Delhi dismissed the Revenue's appeal and upheld the decision to delete the penalty imposed under section 271(1)(c) as the assessee did not furnish inaccurate particulars. The ITAT emphasized that the mere disallowance of certain claims does not automatically warrant a penalty under the said section. The judgment was pronounced on 11th April, 2014. Case-Laws Income Tax Fri, 11 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=246039