https://www.taxtmi.com/caselaws?id=194652 The Tribunal upheld the deletion of penalty u/s 271(1)(c) imposed on the assessee for additions made u/s 68 and 69 of the IT Act. The Tribunal found that the explanation and evidence provided by the assessee were not disproved, emphasizing the need to prove conscious concealment or furnishing of inaccurate particulars for penalty imposition. The appeal by the Revenue was dismissed, affirming the deletion of the penalty. en-us Wed, 21 Dec 2011 00:00:00 +0530 Mon, 18 Sep 2017 11:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=194652 The Tribunal upheld the deletion of penalty u/s 271(1)(c) imposed on the assessee for additions made u/s 68 and 69 of the IT Act. The Tribunal found that the explanation and evidence provided by the assessee were not disproved, emphasizing the need to prove conscious concealment or furnishing of inaccurate particulars for penalty imposition. The appeal by the Revenue was dismissed, affirming the deletion of the penalty. Case-Laws Income Tax Wed, 21 Dec 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=194652