https://www.taxtmi.com/caselaws?id=259640 The Tribunal held that the penalty under Section 271(1)(c) of the Income Tax Act cannot be imposed without evidence of deliberate intention to evade tax. As the assessee's actions were found to be bona fide and there was no conscious or mala fide furnishing of inaccurate particulars, the penalty order was set aside. The appeal was allowed, and the Assessing Officer was directed to delete the penalty. en-us Mon, 27 Apr 2015 00:00:00 +0530 Sat, 16 May 2015 06:18:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259640 The Tribunal held that the penalty under Section 271(1)(c) of the Income Tax Act cannot be imposed without evidence of deliberate intention to evade tax. As the assessee's actions were found to be bona fide and there was no conscious or mala fide furnishing of inaccurate particulars, the penalty order was set aside. The appeal was allowed, and the Assessing Officer was directed to delete the penalty. Case-Laws Income Tax Mon, 27 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259640