https://www.taxtmi.com/caselaws?id=330769 The High Court upheld the deletion of the penalty imposed under Section 271(1)(c) of the Income Tax Act, considering the debatable nature of the issue, the appellant's full disclosures, and the lack of deliberate concealment or inaccurate particulars. The decision was based on the assessment of the CIT (Appeals) and the Tribunal, emphasizing the absence of malafide intent on the part of the appellant. en-us Mon, 25 Jul 2016 00:00:00 +0530 Fri, 05 Aug 2016 17:15:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330769 The High Court upheld the deletion of the penalty imposed under Section 271(1)(c) of the Income Tax Act, considering the debatable nature of the issue, the appellant's full disclosures, and the lack of deliberate concealment or inaccurate particulars. The decision was based on the assessment of the CIT (Appeals) and the Tribunal, emphasizing the absence of malafide intent on the part of the appellant. Case-Laws Income Tax Mon, 25 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330769