https://www.taxtmi.com/caselaws?id=260032 The Tribunal upheld the decision to delete the penalty imposed under section 271(1)(c) based on the genuine beliefs and disclosure of all relevant details by the assessee, as highlighted in the CIT(A)'s order and supported by legal precedents. The Tribunal found that there was no concealment or intention to evade taxes, leading to the dismissal of the Revenue's appeal and affirmation of the penalty deletion. en-us Fri, 08 May 2015 00:00:00 +0530 Fri, 22 Jan 2016 13:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260032 The Tribunal upheld the decision to delete the penalty imposed under section 271(1)(c) based on the genuine beliefs and disclosure of all relevant details by the assessee, as highlighted in the CIT(A)'s order and supported by legal precedents. The Tribunal found that there was no concealment or intention to evade taxes, leading to the dismissal of the Revenue's appeal and affirmation of the penalty deletion. Case-Laws Income Tax Fri, 08 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260032