https://www.taxtmi.com/caselaws?id=342742 The Tribunal upheld the First Appellate Authority's decision to delete the penalty under section 271(1)(c), ruling that the appellant had disclosed all income particulars. The Tribunal found the penalty not justified as there was a difference of opinion between the Assessing Officer and the assessee on the treatment of the amount in question, making it a disputed issue. Citing precedents, the Tribunal confirmed the FAA's order, dismissing the appeal and pronouncing the decision on 3rd May 2017. en-us Wed, 03 May 2017 00:00:00 +0530 Thu, 11 May 2017 07:09:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342742 The Tribunal upheld the First Appellate Authority's decision to delete the penalty under section 271(1)(c), ruling that the appellant had disclosed all income particulars. The Tribunal found the penalty not justified as there was a difference of opinion between the Assessing Officer and the assessee on the treatment of the amount in question, making it a disputed issue. Citing precedents, the Tribunal confirmed the FAA's order, dismissing the appeal and pronouncing the decision on 3rd May 2017. Case-Laws Income Tax Wed, 03 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342742