https://www.taxtmi.com/caselaws?id=347967 The Tribunal upheld the order of the Ld. Commissioner of Income Tax (Appeals) regarding penalty imposition under Section 271(1)(c), limiting it to inaccurate particulars of income. The appeal by the Revenue was dismissed, emphasizing the necessity of evaluating individual circumstances before applying penalty provisions. The judgment extensively analyzed legal provisions, judicial precedents, and factual aspects related to penalties for inaccurate income particulars, citing various Supreme Court decisions and highlighting the burden of proof on the assessee to demonstrate no intention of concealment. en-us Fri, 01 Sep 2017 00:00:00 +0530 Thu, 14 Sep 2017 08:07:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347967 The Tribunal upheld the order of the Ld. Commissioner of Income Tax (Appeals) regarding penalty imposition under Section 271(1)(c), limiting it to inaccurate particulars of income. The appeal by the Revenue was dismissed, emphasizing the necessity of evaluating individual circumstances before applying penalty provisions. The judgment extensively analyzed legal provisions, judicial precedents, and factual aspects related to penalties for inaccurate income particulars, citing various Supreme Court decisions and highlighting the burden of proof on the assessee to demonstrate no intention of concealment. Case-Laws Income Tax Fri, 01 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347967