https://www.taxtmi.com/caselaws?id=327645 The Tribunal allowed the appeal, directing the Assessing Officer to delete the penalty of 1,19,31,643/- imposed on the assessee under section 271(1)(c) of the Income Tax Act, 1961. The decision was based on the lack of evidence supporting deliberate concealment or furnishing of inaccurate particulars of income by the assessee. en-us Fri, 29 Apr 2016 00:00:00 +0530 Mon, 16 May 2016 09:59:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327645 The Tribunal allowed the appeal, directing the Assessing Officer to delete the penalty of 1,19,31,643/- imposed on the assessee under section 271(1)(c) of the Income Tax Act, 1961. The decision was based on the lack of evidence supporting deliberate concealment or furnishing of inaccurate particulars of income by the assessee. Case-Laws Income Tax Fri, 29 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327645