https://www.taxtmi.com/caselaws?id=331743 The Tribunal ruled in favor of the appellant, finding no concealment of income or inaccurate particulars in the disallowed expenses. The penalty under section 271(1)(c) was deemed incorrectly imposed due to the appellant's disclosure of all relevant facts. The appeal was allowed, and the penalty was set aside. en-us Wed, 27 Jul 2016 00:00:00 +0530 Thu, 01 Sep 2016 14:05:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331743 The Tribunal ruled in favor of the appellant, finding no concealment of income or inaccurate particulars in the disallowed expenses. The penalty under section 271(1)(c) was deemed incorrectly imposed due to the appellant's disclosure of all relevant facts. The appeal was allowed, and the penalty was set aside. Case-Laws Income Tax Wed, 27 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331743