https://www.taxtmi.com/caselaws?id=187807 The Court dismissed the Revenue's appeal against the penalty imposed under section 271(1)(c) of the IT Act for furnishing inaccurate particulars of income. The Court held that interest on enhanced compensation does not accrue until finally decided, and the assessee's claim was not concealment of income. The appeal was deemed without merit, affirming the cancellation of the penalty order by the CIT(A) Panchkula. en-us Mon, 21 Apr 2008 00:00:00 +0530 Mon, 07 Nov 2016 18:22:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=187807 The Court dismissed the Revenue's appeal against the penalty imposed under section 271(1)(c) of the IT Act for furnishing inaccurate particulars of income. The Court held that interest on enhanced compensation does not accrue until finally decided, and the assessee's claim was not concealment of income. The appeal was deemed without merit, affirming the cancellation of the penalty order by the CIT(A) Panchkula. Case-Laws Income Tax Mon, 21 Apr 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=187807