https://www.taxtmi.com/caselaws?id=178552 The Tribunal upheld the deletion of a penalty of Rs. 10,72,110 imposed under section 271(1)(c) of the Income Tax Act. The Revenue's appeal against the deletion was dismissed, as the Tribunal found that the assessee was entitled to claim the deduction in question before the retrospective amendment and had not concealed any information or furnished inaccurate particulars in the original return. en-us Wed, 02 May 2012 00:00:00 +0530 Mon, 08 Feb 2016 16:33:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178552 The Tribunal upheld the deletion of a penalty of Rs. 10,72,110 imposed under section 271(1)(c) of the Income Tax Act. The Revenue's appeal against the deletion was dismissed, as the Tribunal found that the assessee was entitled to claim the deduction in question before the retrospective amendment and had not concealed any information or furnished inaccurate particulars in the original return. Case-Laws Income Tax Wed, 02 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178552