https://www.taxtmi.com/caselaws?id=332118 The Tribunal allowed the assessee's appeals and directed the deletion of penalties imposed under section 271(1)(c) for declaring rental income under the wrong head. The Tribunal held that the assessee had fully disclosed all particulars, and the change in the head of income did not amount to furnishing inaccurate particulars or concealment of income, citing relevant case law. The penalties were deleted for both the relevant assessment year and the subsequent year. en-us Tue, 26 Jul 2016 00:00:00 +0530 Sun, 11 Sep 2016 14:38:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332118 The Tribunal allowed the assessee's appeals and directed the deletion of penalties imposed under section 271(1)(c) for declaring rental income under the wrong head. The Tribunal held that the assessee had fully disclosed all particulars, and the change in the head of income did not amount to furnishing inaccurate particulars or concealment of income, citing relevant case law. The penalties were deleted for both the relevant assessment year and the subsequent year. Case-Laws Income Tax Tue, 26 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332118