https://www.taxtmi.com/caselaws?id=330719 The Court upheld the deletion of the penalty under Section 271(1)(c), ruling in favor of the assessee and against the Department. The decision emphasized the significance of legal interpretation in tax matters and concluded that there was no concealment or furnishing of inaccurate particulars of income, leading to the dismissal of the appeal. en-us Thu, 21 Jul 2016 00:00:00 +0530 Thu, 04 Aug 2016 11:32:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330719 The Court upheld the deletion of the penalty under Section 271(1)(c), ruling in favor of the assessee and against the Department. The decision emphasized the significance of legal interpretation in tax matters and concluded that there was no concealment or furnishing of inaccurate particulars of income, leading to the dismissal of the appeal. Case-Laws Income Tax Thu, 21 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330719