https://www.taxtmi.com/caselaws?id=343050 The High Court upheld the Tribunal's decision to delete the penalty imposed under Section 271(1)(c) of the Income Tax Act. The Court emphasized that the claim made by the assessee, though incorrect, did not amount to furnishing inaccurate particulars with the intention to conceal income. The Court dismissed the appeal by the appellant-revenue, stating that no substantial question of law arose from the Tribunal's findings. en-us Thu, 04 May 2017 00:00:00 +0530 Thu, 18 May 2017 07:31:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343050 The High Court upheld the Tribunal's decision to delete the penalty imposed under Section 271(1)(c) of the Income Tax Act. The Court emphasized that the claim made by the assessee, though incorrect, did not amount to furnishing inaccurate particulars with the intention to conceal income. The Court dismissed the appeal by the appellant-revenue, stating that no substantial question of law arose from the Tribunal's findings. Case-Laws Income Tax Thu, 04 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343050