https://www.taxtmi.com/caselaws?id=260996 The ITAT Hyderabad upheld the appellant's position, ruling that the penalty under section 271(1)(c) was not warranted due to the absence of concealment or inaccurate particulars, based on the technical nature of the additions made in the assessment. The tribunal found that the additions were not indicative of concealment or inaccurate particulars by the assessee, leading to the dismissal of the Revenue's appeal against the penalty. en-us Fri, 27 Mar 2015 00:00:00 +0530 Tue, 30 Jun 2015 06:42:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260996 The ITAT Hyderabad upheld the appellant's position, ruling that the penalty under section 271(1)(c) was not warranted due to the absence of concealment or inaccurate particulars, based on the technical nature of the additions made in the assessment. The tribunal found that the additions were not indicative of concealment or inaccurate particulars by the assessee, leading to the dismissal of the Revenue's appeal against the penalty. Case-Laws Income Tax Fri, 27 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260996