https://www.taxtmi.com/caselaws?id=174305 The Tribunal concluded that the penalty imposed under section 271(1)(c) for concealment of income and furnishing inaccurate particulars was unjustified. It held that the assessee had disclosed all relevant particulars and the claim for depreciation was made in good faith, not constituting concealment. Therefore, the penalty was deleted, and the assessee's appeal was accepted. en-us Fri, 26 Oct 2012 00:00:00 +0530 Tue, 06 Oct 2015 10:11:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=174305 The Tribunal concluded that the penalty imposed under section 271(1)(c) for concealment of income and furnishing inaccurate particulars was unjustified. It held that the assessee had disclosed all relevant particulars and the claim for depreciation was made in good faith, not constituting concealment. Therefore, the penalty was deleted, and the assessee's appeal was accepted. Case-Laws Income Tax Fri, 26 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=174305