https://www.taxtmi.com/caselaws?id=179517 The Tribunal set aside the CIT(A)'s order and deleted the penalty under section 271(1)(c) for the assessee, as it found the facts to be identical to the brother's case where the penalty was deleted. The Tribunal held that the disallowance of claims did not constitute furnishing inaccurate particulars of income, following the precedent in Reliance Petroproducts (P) Ltd. The appeal of the assessee was allowed, and the penalty was deleted. en-us Wed, 11 Jan 2012 00:00:00 +0530 Thu, 03 Mar 2016 14:06:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179517 The Tribunal set aside the CIT(A)'s order and deleted the penalty under section 271(1)(c) for the assessee, as it found the facts to be identical to the brother's case where the penalty was deleted. The Tribunal held that the disallowance of claims did not constitute furnishing inaccurate particulars of income, following the precedent in Reliance Petroproducts (P) Ltd. The appeal of the assessee was allowed, and the penalty was deleted. Case-Laws Income Tax Wed, 11 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179517