https://www.taxtmi.com/caselaws?id=179518 The Tribunal allowed the appeal, directing the Assessing Officer to delete the penalty of Rs. 1,21,255 imposed under section 271(1)(c) of the Income Tax Act, 1961, as it was not justified. The Tribunal emphasized that agreeing to disallowances does not necessarily mean inaccurate particulars of income were furnished. The decision was based on the principle that unsustainable claims do not equate to inaccurate particulars. The judgment was delivered on 19th October 2011 by the Tribunal comprising Shri D.Manmohan and Pramod Kumar. en-us Wed, 19 Oct 2011 00:00:00 +0530 Fri, 15 Sep 2017 12:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179518 The Tribunal allowed the appeal, directing the Assessing Officer to delete the penalty of Rs. 1,21,255 imposed under section 271(1)(c) of the Income Tax Act, 1961, as it was not justified. The Tribunal emphasized that agreeing to disallowances does not necessarily mean inaccurate particulars of income were furnished. The decision was based on the principle that unsustainable claims do not equate to inaccurate particulars. The judgment was delivered on 19th October 2011 by the Tribunal comprising Shri D.Manmohan and Pramod Kumar. Case-Laws Income Tax Wed, 19 Oct 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179518