https://www.taxtmi.com/caselaws?id=184939 The Tribunal concluded that the penalty under section 271(1)(c) for furnishing inaccurate particulars of income was not justified. The disallowances and reclassifications made by the Assessing Officer were found to be unsubstantiated, as the assessee provided evidence and explanations supporting its claims. Therefore, the appeal was allowed, and the penalty order was cancelled. en-us Fri, 30 Jul 2010 00:00:00 +0530 Mon, 25 Jul 2016 18:16:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=184939 The Tribunal concluded that the penalty under section 271(1)(c) for furnishing inaccurate particulars of income was not justified. The disallowances and reclassifications made by the Assessing Officer were found to be unsubstantiated, as the assessee provided evidence and explanations supporting its claims. Therefore, the appeal was allowed, and the penalty order was cancelled. Case-Laws Income Tax Fri, 30 Jul 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=184939