https://www.taxtmi.com/caselaws?id=179887 The Tribunal upheld the decision of the CIT(A) to cancel the penalty imposed under section 271(1)(c) of the Income Tax Act, determining that the assessee had acted in good faith and there was no deliberate concealment or inaccurate particulars. The appeals by the revenue challenging the cancellation of the penalty were dismissed. en-us Fri, 31 Dec 2010 00:00:00 +0530 Fri, 11 Mar 2016 15:00:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179887 The Tribunal upheld the decision of the CIT(A) to cancel the penalty imposed under section 271(1)(c) of the Income Tax Act, determining that the assessee had acted in good faith and there was no deliberate concealment or inaccurate particulars. The appeals by the revenue challenging the cancellation of the penalty were dismissed. Case-Laws Income Tax Fri, 31 Dec 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179887