https://www.taxtmi.com/caselaws?id=261375 The Tribunal upheld the CIT(Appeals) decision to cancel the penalty imposed under section 271(1)(c) of the Act, citing technical lapses rather than deliberate concealment or inaccuracies in the deduction and expenses claimed. The Revenue's appeal and the Cross Objection were both dismissed on June 29, 2015, with the Tribunal finding no merit in the Revenue's arguments. en-us Mon, 29 Jun 2015 00:00:00 +0530 Fri, 10 Jul 2015 06:30:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261375 The Tribunal upheld the CIT(Appeals) decision to cancel the penalty imposed under section 271(1)(c) of the Act, citing technical lapses rather than deliberate concealment or inaccuracies in the deduction and expenses claimed. The Revenue's appeal and the Cross Objection were both dismissed on June 29, 2015, with the Tribunal finding no merit in the Revenue's arguments. Case-Laws Income Tax Mon, 29 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261375