https://www.taxtmi.com/caselaws?id=259941 The Tribunal found that the penalty under Section 271(1)(c) of the Income Tax Act was not justified as the assessee had disclosed all relevant information accepted during regular assessments. The Tribunal highlighted that penalty, if any, should be considered under Section 271AAA, not invoked by the AO, and set aside the penalty imposed under Section 271(1)(c). The appeals by the assessee were allowed. en-us Fri, 22 May 2015 00:00:00 +0530 Wed, 27 May 2015 06:44:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259941 The Tribunal found that the penalty under Section 271(1)(c) of the Income Tax Act was not justified as the assessee had disclosed all relevant information accepted during regular assessments. The Tribunal highlighted that penalty, if any, should be considered under Section 271AAA, not invoked by the AO, and set aside the penalty imposed under Section 271(1)(c). The appeals by the assessee were allowed. Case-Laws Income Tax Fri, 22 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259941