https://www.taxtmi.com/caselaws?id=336540 The Tribunal allowed the appeal of the assessee, ordering the deletion of the penalty of Rs. 1,13,430 levied under Section 271(1)(c) of the Income Tax Act. The Tribunal found that the assessee had disclosed all relevant particulars, and there was no case of furnishing inaccurate income details. The penalty was deemed unjustified, leading to its removal. en-us Tue, 20 Dec 2016 00:00:00 +0530 Fri, 23 Dec 2016 11:16:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336540 The Tribunal allowed the appeal of the assessee, ordering the deletion of the penalty of Rs. 1,13,430 levied under Section 271(1)(c) of the Income Tax Act. The Tribunal found that the assessee had disclosed all relevant particulars, and there was no case of furnishing inaccurate income details. The penalty was deemed unjustified, leading to its removal. Case-Laws Income Tax Tue, 20 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336540