https://www.taxtmi.com/caselaws?id=252445 The High Court upheld the decision to delete the penalty imposed under Section 271(1)(c) of the Income Tax Act, 1961, finding that the respondent-assessee had provided genuine explanations for the additions made by the Assessing Officer. The Court agreed with the Tribunal that there was no evidence of deliberate concealment or furnishing of inaccurate particulars, leading to the dismissal of the revenue's appeal. en-us Tue, 02 Sep 2014 00:00:00 +0530 Wed, 22 Oct 2014 10:33:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=252445 The High Court upheld the decision to delete the penalty imposed under Section 271(1)(c) of the Income Tax Act, 1961, finding that the respondent-assessee had provided genuine explanations for the additions made by the Assessing Officer. The Court agreed with the Tribunal that there was no evidence of deliberate concealment or furnishing of inaccurate particulars, leading to the dismissal of the revenue's appeal. Case-Laws Income Tax Tue, 02 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=252445