https://www.taxtmi.com/caselaws?id=339887 The High Court upheld the Tribunal's decision to delete penalties under Section 271(1)(c) of the Income Tax Act for the Assessment Years 2008-09, 2009-10, and 2010-11. The Court found that the Assessee's actions did not amount to furnishing inaccurate particulars but were based on professional advice, distinguishing the case from instances of non-voluntary income disclosure. The Court concluded that no substantial legal question arose from the Revenue's appeal and affirmed the deletion of penalties. en-us Wed, 01 Mar 2017 00:00:00 +0530 Thu, 09 Mar 2017 08:36:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339887 The High Court upheld the Tribunal's decision to delete penalties under Section 271(1)(c) of the Income Tax Act for the Assessment Years 2008-09, 2009-10, and 2010-11. The Court found that the Assessee's actions did not amount to furnishing inaccurate particulars but were based on professional advice, distinguishing the case from instances of non-voluntary income disclosure. The Court concluded that no substantial legal question arose from the Revenue's appeal and affirmed the deletion of penalties. Case-Laws Income Tax Wed, 01 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339887