https://www.taxtmi.com/caselaws?id=186092 The Tribunal ruled in favor of the assessee, holding that there was no inaccurate furnishing of income particulars under Section 271(1)(c) of the Income Tax Act. The penalty imposed for alleged inaccurate particulars was deemed unjustified as the assessee's actions did not meet the criteria for penalty under the Explanation or main provision of the Act. The Tribunal quashed the lower authorities' orders and allowed the appeal. en-us Thu, 20 Mar 1986 00:00:00 +0530 Wed, 07 Sep 2016 12:10:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186092 The Tribunal ruled in favor of the assessee, holding that there was no inaccurate furnishing of income particulars under Section 271(1)(c) of the Income Tax Act. The penalty imposed for alleged inaccurate particulars was deemed unjustified as the assessee's actions did not meet the criteria for penalty under the Explanation or main provision of the Act. The Tribunal quashed the lower authorities' orders and allowed the appeal. Case-Laws Income Tax Thu, 20 Mar 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186092