https://www.taxtmi.com/caselaws?id=343745 The Tribunal ruled in favor of the assessee, holding that the conduct did not amount to contumacious behavior justifying the penalty under section 271(1)(c) for furnishing inaccurate particulars of income and concealment of income. The Tribunal set aside the lower authorities' orders and deleted the penalty levy, allowing the appeal filed by the assessee. en-us Tue, 30 May 2017 00:00:00 +0530 Thu, 01 Jun 2017 07:22:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343745 The Tribunal ruled in favor of the assessee, holding that the conduct did not amount to contumacious behavior justifying the penalty under section 271(1)(c) for furnishing inaccurate particulars of income and concealment of income. The Tribunal set aside the lower authorities' orders and deleted the penalty levy, allowing the appeal filed by the assessee. Case-Laws Income Tax Tue, 30 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343745