https://www.taxtmi.com/caselaws?id=265472 The Tribunal allowed the assessee's appeals, emphasizing the absence of malafide intent in the non-disclosure of income and the genuine belief regarding the taxability of the remittance. The Tribunal's decision highlighted the unique circumstances of the case and the lack of deliberate concealment or furnishing of inaccurate particulars, leading to the deletion of the penalty imposed under section 271(1)(c) for the relevant assessment years. en-us Wed, 30 Sep 2015 00:00:00 +0530 Mon, 12 Oct 2015 06:12:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=265472 The Tribunal allowed the assessee's appeals, emphasizing the absence of malafide intent in the non-disclosure of income and the genuine belief regarding the taxability of the remittance. The Tribunal's decision highlighted the unique circumstances of the case and the lack of deliberate concealment or furnishing of inaccurate particulars, leading to the deletion of the penalty imposed under section 271(1)(c) for the relevant assessment years. Case-Laws Income Tax Wed, 30 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=265472