https://www.taxtmi.com/caselaws?id=352146 The Tribunal allowed the appeal, directing the deletion of the penalty of Rs. 9,07,790 imposed under section 271(1)(c) of the Income Tax Act. The Tribunal accepted the explanations provided by the assessee regarding the non-disclosure of rental income from properties in Gurgaon and Ghaziabad, as well as the disallowance under section 14A, considering them as debatable issues rather than deliberate concealment. The judgment was pronounced on 28th July 2017. en-us Fri, 28 Jul 2017 00:00:00 +0530 Fri, 08 Dec 2017 09:51:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352146 The Tribunal allowed the appeal, directing the deletion of the penalty of Rs. 9,07,790 imposed under section 271(1)(c) of the Income Tax Act. The Tribunal accepted the explanations provided by the assessee regarding the non-disclosure of rental income from properties in Gurgaon and Ghaziabad, as well as the disallowance under section 14A, considering them as debatable issues rather than deliberate concealment. The judgment was pronounced on 28th July 2017. Case-Laws Income Tax Fri, 28 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352146