https://www.taxtmi.com/caselaws?id=173968 The Tribunal upheld the CIT(A)'s decision to delete the penalty under Section 271(1)(c) of the IT Act, 1961, finding that the assessee's claim for deduction under Section 80-IA was made in good faith and fully disclosed. The Tribunal dismissed the Revenue's appeals, ruling that there was no concealment of income or furnishing of inaccurate particulars by the assessee. This decision was applied consistently across the assessment years 1997-98, 1998-99, and 2000-01. en-us Fri, 28 Nov 2008 00:00:00 +0530 Thu, 19 Dec 2024 17:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=173968 The Tribunal upheld the CIT(A)'s decision to delete the penalty under Section 271(1)(c) of the IT Act, 1961, finding that the assessee's claim for deduction under Section 80-IA was made in good faith and fully disclosed. The Tribunal dismissed the Revenue's appeals, ruling that there was no concealment of income or furnishing of inaccurate particulars by the assessee. This decision was applied consistently across the assessment years 1997-98, 1998-99, and 2000-01. Case-Laws Income Tax Fri, 28 Nov 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=173968