https://www.taxtmi.com/caselaws?id=178358 The ITAT dismissed the Revenue's appeal against the penalty imposed under section 271(1)(c) for inaccurate income particulars related to a deduction claimed under section 10B. The ITAT upheld the CIT(A)'s decision to delete the penalty, as it had previously allowed the Assessee's claim under section 10B, finding no concealment or furnishing of inaccurate particulars of income. The ITAT's ruling was based on the Assessee's entitlement to the deduction, leading to the deletion of the penalty imposed by the AO. en-us Fri, 28 Nov 2014 00:00:00 +0530 Wed, 03 Feb 2016 09:49:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178358 The ITAT dismissed the Revenue's appeal against the penalty imposed under section 271(1)(c) for inaccurate income particulars related to a deduction claimed under section 10B. The ITAT upheld the CIT(A)'s decision to delete the penalty, as it had previously allowed the Assessee's claim under section 10B, finding no concealment or furnishing of inaccurate particulars of income. The ITAT's ruling was based on the Assessee's entitlement to the deduction, leading to the deletion of the penalty imposed by the AO. Case-Laws Income Tax Fri, 28 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178358