https://www.taxtmi.com/caselaws?id=270807 The Tribunal allowed the appeal, directing the AO to delete the penalty imposed under Section 271(1)(c) as the assessee had not concealed income or furnished inaccurate particulars. The addition under Section 2(22)(e) was made under a deeming provision, which did not warrant the penalty. The decision was pronounced on 23.10.2015. en-us Fri, 23 Oct 2015 00:00:00 +0530 Fri, 15 Jan 2016 14:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270807 The Tribunal allowed the appeal, directing the AO to delete the penalty imposed under Section 271(1)(c) as the assessee had not concealed income or furnished inaccurate particulars. The addition under Section 2(22)(e) was made under a deeming provision, which did not warrant the penalty. The decision was pronounced on 23.10.2015. Case-Laws Income Tax Fri, 23 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270807