https://www.taxtmi.com/caselaws?id=349783 The Tribunal upheld the CIT(A)'s decision to cancel the penalty imposed by the AO under Section 271(1)(c) of the Income Tax Act, 1961. It found the issue debatable, ruled that the assessee did not conceal income or furnish inaccurate particulars, and deemed the penalty unwarranted. The Department's appeal was dismissed. en-us Mon, 23 Oct 2017 00:00:00 +0530 Tue, 24 Oct 2017 11:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=349783 The Tribunal upheld the CIT(A)'s decision to cancel the penalty imposed by the AO under Section 271(1)(c) of the Income Tax Act, 1961. It found the issue debatable, ruled that the assessee did not conceal income or furnish inaccurate particulars, and deemed the penalty unwarranted. The Department's appeal was dismissed. Case-Laws Income Tax Mon, 23 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=349783