https://www.taxtmi.com/caselaws?id=330934 The Tribunal partly allowed the appeal, holding that penalties were not justified for the additions related to the difference in purchases, disallowance of balances written off, and dividend income exemption claim. The Tribunal emphasized that non-acceptance of claims or inadvertent errors in filings do not necessarily constitute concealment or inaccuracies warranting penalties under the Income Tax Act. en-us Wed, 29 Jun 2016 00:00:00 +0530 Tue, 09 Aug 2016 12:54:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330934 The Tribunal partly allowed the appeal, holding that penalties were not justified for the additions related to the difference in purchases, disallowance of balances written off, and dividend income exemption claim. The Tribunal emphasized that non-acceptance of claims or inadvertent errors in filings do not necessarily constitute concealment or inaccuracies warranting penalties under the Income Tax Act. Case-Laws Income Tax Wed, 29 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330934