https://www.taxtmi.com/caselaws?id=328030 The Tribunal allowed the appeal filed by the assessee, setting aside the penalty order under Section 271(1)(c) of the Income Tax Act, 1961. The Tribunal found that the appellant provided a bona fide explanation for the mistakes in income disclosure and had paid taxes before detection by the Assessing Officer. As a result, no penalty for concealment or furnishing inaccurate particulars of income was imposed. The decision was pronounced on 19th April 2016. en-us Tue, 19 Apr 2016 00:00:00 +0530 Wed, 25 May 2016 08:24:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328030 The Tribunal allowed the appeal filed by the assessee, setting aside the penalty order under Section 271(1)(c) of the Income Tax Act, 1961. The Tribunal found that the appellant provided a bona fide explanation for the mistakes in income disclosure and had paid taxes before detection by the Assessing Officer. As a result, no penalty for concealment or furnishing inaccurate particulars of income was imposed. The decision was pronounced on 19th April 2016. Case-Laws Income Tax Tue, 19 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328030