https://www.taxtmi.com/caselaws?id=185637 The Tribunal allowed appeals against penalties imposed under section 271(1)(c) of the I.T. Act for Assessment Years 2004-05 and 2005-06. The penalties were canceled as the additions made by the Assessing Officer were deleted in the quantum proceedings, leading to the conclusion that no penalty could be sustained. The Tribunal referenced legal precedents, including a Supreme Court ruling, to support its decision that disallowing a claim does not constitute furnishing inaccurate particulars. en-us Fri, 16 Apr 2010 00:00:00 +0530 Mon, 22 Aug 2016 14:14:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185637 The Tribunal allowed appeals against penalties imposed under section 271(1)(c) of the I.T. Act for Assessment Years 2004-05 and 2005-06. The penalties were canceled as the additions made by the Assessing Officer were deleted in the quantum proceedings, leading to the conclusion that no penalty could be sustained. The Tribunal referenced legal precedents, including a Supreme Court ruling, to support its decision that disallowing a claim does not constitute furnishing inaccurate particulars. Case-Laws Income Tax Fri, 16 Apr 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185637