https://www.taxtmi.com/caselaws?id=361321 The Tribunal upheld the deletion of the penalty under section 271(1)(c) of the Income Tax Act, ruling that the assessee did not conceal income or provide inaccurate particulars. The denial of exemption under section 11 was considered a change of opinion and a debatable issue. The Tribunal allowed the assessee's appeals, emphasizing the absence of concealment or inaccuracies, and deleted the penalty. en-us Mon, 28 May 2018 00:00:00 +0530 Tue, 05 Jun 2018 17:23:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361321 The Tribunal upheld the deletion of the penalty under section 271(1)(c) of the Income Tax Act, ruling that the assessee did not conceal income or provide inaccurate particulars. The denial of exemption under section 11 was considered a change of opinion and a debatable issue. The Tribunal allowed the assessee's appeals, emphasizing the absence of concealment or inaccuracies, and deleted the penalty. Case-Laws Income Tax Mon, 28 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361321