https://www.taxtmi.com/caselaws?id=187244 The Tribunal upheld the CIT(A) order deleting the penalty under section 271(1)(c) of the Income Tax Act for concealment of income and furnishing inaccurate particulars for the assessment year 2005-06. The revenue's appeal was dismissed, emphasizing that incorrect claims do not automatically attract the penalty, especially when supported by valid explanations and evidence, as in this case. en-us Fri, 09 Jul 2010 00:00:00 +0530 Sat, 15 Oct 2016 11:21:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=187244 The Tribunal upheld the CIT(A) order deleting the penalty under section 271(1)(c) of the Income Tax Act for concealment of income and furnishing inaccurate particulars for the assessment year 2005-06. The revenue's appeal was dismissed, emphasizing that incorrect claims do not automatically attract the penalty, especially when supported by valid explanations and evidence, as in this case. Case-Laws Income Tax Fri, 09 Jul 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=187244