https://www.taxtmi.com/caselaws?id=265535 The Tribunal held that the penalty under Section 271(1)(c) for furnishing inaccurate particulars of income was not justified as the errors were bona fide and corrected by the assessee. The Tribunal clarified that the penalty for concealment did not apply in this case. Consequently, the appeal was allowed, and the penalty was deleted. en-us Mon, 07 Sep 2015 00:00:00 +0530 Mon, 09 Nov 2015 17:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=265535 The Tribunal held that the penalty under Section 271(1)(c) for furnishing inaccurate particulars of income was not justified as the errors were bona fide and corrected by the assessee. The Tribunal clarified that the penalty for concealment did not apply in this case. Consequently, the appeal was allowed, and the penalty was deleted. Case-Laws Income Tax Mon, 07 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=265535