https://www.taxtmi.com/caselaws?id=179515 The Tribunal canceled the penalty imposed by the AO and sustained by the CIT(A), allowing the appeal of the assessee. The disallowance of Dmat charges and service tax as business expenses did not amount to furnishing inaccurate particulars of income, leading to the cancellation of the penalty under section 271(1)(c). en-us Wed, 07 Mar 2012 00:00:00 +0530 Thu, 03 Mar 2016 13:22:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179515 The Tribunal canceled the penalty imposed by the AO and sustained by the CIT(A), allowing the appeal of the assessee. The disallowance of Dmat charges and service tax as business expenses did not amount to furnishing inaccurate particulars of income, leading to the cancellation of the penalty under section 271(1)(c). Case-Laws Income Tax Wed, 07 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179515