https://www.taxtmi.com/caselaws?id=182767 Penalty under section 271(1)(c) was unsustainable because the Tribunal, on appreciation of the material, found as a matter of fact that the assessee had neither concealed income nor furnished inaccurate particulars. That factual finding justified cancellation of the penalty, and interference was not warranted where no concealment or inaccuracy was established. The reference was answered against the Revenue and the deletion of penalty was sustained. en-us Tue, 26 Sep 1995 00:00:00 +0530 Thu, 19 May 2016 11:43:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=182767 Penalty under section 271(1)(c) was unsustainable because the Tribunal, on appreciation of the material, found as a matter of fact that the assessee had neither concealed income nor furnished inaccurate particulars. That factual finding justified cancellation of the penalty, and interference was not warranted where no concealment or inaccuracy was established. The reference was answered against the Revenue and the deletion of penalty was sustained. Case-Laws Income Tax Tue, 26 Sep 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=182767