https://www.taxtmi.com/caselaws?id=270159 The Tribunal upheld the deletion of the penalty imposed by the Assessing Officer, ruling that the assessee did not furnish inaccurate particulars of income despite disallowed claims. The Tribunal emphasized that the claims were debatable and disclosed in the notes on accounts, following the precedent set in CIT v. Reliance Petroproducts Pvt. Ltd. The Tribunal dismissed the Revenue's appeal on September 16, 2015, in Chennai. en-us Wed, 16 Sep 2015 00:00:00 +0530 Tue, 29 Dec 2015 20:39:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270159 The Tribunal upheld the deletion of the penalty imposed by the Assessing Officer, ruling that the assessee did not furnish inaccurate particulars of income despite disallowed claims. The Tribunal emphasized that the claims were debatable and disclosed in the notes on accounts, following the precedent set in CIT v. Reliance Petroproducts Pvt. Ltd. The Tribunal dismissed the Revenue's appeal on September 16, 2015, in Chennai. Case-Laws Income Tax Wed, 16 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270159