https://www.taxtmi.com/caselaws?id=181039 The ITAT dismissed the revenue's appeal, upholding the CIT (A)'s decision to delete the penalty imposed by the Assessing Officer under section 271(1)(c) for disallowance of commission paid and addition on sales to associated concerns based on TPO's order. The ITAT ruled that the difference in valuation methods used by the assessee and the TPO did not amount to furnishing inaccurate particulars of income, as it was a bona fide difference of opinion. The judgment was pronounced on 17th May 2010. en-us Mon, 17 May 2010 00:00:00 +0530 Wed, 06 Apr 2016 11:46:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181039 The ITAT dismissed the revenue's appeal, upholding the CIT (A)'s decision to delete the penalty imposed by the Assessing Officer under section 271(1)(c) for disallowance of commission paid and addition on sales to associated concerns based on TPO's order. The ITAT ruled that the difference in valuation methods used by the assessee and the TPO did not amount to furnishing inaccurate particulars of income, as it was a bona fide difference of opinion. The judgment was pronounced on 17th May 2010. Case-Laws Income Tax Mon, 17 May 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181039