https://www.taxtmi.com/caselaws?id=353347 The tribunal held that the penalty under Section 271(1)(c) of the Income Tax Act was unjustified as the income was estimated differently at various levels, and there was no specific charge of concealment or furnishing inaccurate particulars of income. Therefore, the penalty was deemed to be deleted, and the appeal by the assessee was allowed. The decision was rendered on 27/12/2017. en-us Wed, 27 Dec 2017 00:00:00 +0530 Tue, 02 Jan 2018 09:18:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=353347 The tribunal held that the penalty under Section 271(1)(c) of the Income Tax Act was unjustified as the income was estimated differently at various levels, and there was no specific charge of concealment or furnishing inaccurate particulars of income. Therefore, the penalty was deemed to be deleted, and the appeal by the assessee was allowed. The decision was rendered on 27/12/2017. Case-Laws Income Tax Wed, 27 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=353347