https://www.taxtmi.com/caselaws?id=362981 The Tribunal allowed the Assessee's appeal, quashing the penalty of Rs. 90,000 under section 271(1)(c) of the Income Tax Act. The Tribunal held that there was no concealment of income or furnishing of inaccurate particulars, deeming the penalty unwarranted and ordering its deletion. en-us Tue, 03 Jul 2018 00:00:00 +0530 Wed, 22 Sep 2021 18:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=362981 The Tribunal allowed the Assessee's appeal, quashing the penalty of Rs. 90,000 under section 271(1)(c) of the Income Tax Act. The Tribunal held that there was no concealment of income or furnishing of inaccurate particulars, deeming the penalty unwarranted and ordering its deletion. Case-Laws Income Tax Tue, 03 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=362981