https://www.taxtmi.com/caselaws?id=252976 The tribunal upheld the CIT(A)'s decision to delete the penalty under Section 271(1)(c), ruling that the assessee's actions did not constitute furnishing inaccurate income particulars. It was found that the revised return merged with the original return, and the penalty could not be solely based on the revised return. The appeal by the revenue was dismissed, and the order was pronounced on 05-11-2014. en-us Wed, 05 Nov 2014 00:00:00 +0530 Tue, 19 May 2015 17:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=252976 The tribunal upheld the CIT(A)'s decision to delete the penalty under Section 271(1)(c), ruling that the assessee's actions did not constitute furnishing inaccurate income particulars. It was found that the revised return merged with the original return, and the penalty could not be solely based on the revised return. The appeal by the revenue was dismissed, and the order was pronounced on 05-11-2014. Case-Laws Income Tax Wed, 05 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=252976