https://www.taxtmi.com/caselaws?id=177004 The ITAT ruled that penalties under section 271(1)(c) were unwarranted as the assessee had made proper disclosures and the discrepancies in cost estimates were due to differing expert opinions. The penalties imposed by the AO and upheld by the CIT(A) were overturned, and the assessee's appeals were successful. The decision was issued on 19/07/2013. en-us Fri, 19 Jul 2013 00:00:00 +0530 Wed, 01 Mar 2017 10:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177004 The ITAT ruled that penalties under section 271(1)(c) were unwarranted as the assessee had made proper disclosures and the discrepancies in cost estimates were due to differing expert opinions. The penalties imposed by the AO and upheld by the CIT(A) were overturned, and the assessee's appeals were successful. The decision was issued on 19/07/2013. Case-Laws Income Tax Fri, 19 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177004