https://www.taxtmi.com/caselaws?id=368394 The ITAT upheld the deletion of the penalty imposed under section 271(1)(c) for furnishing inaccurate particulars of income, dismissing the department's appeal. The ITAT found that there was no deliberate intent in furnishing inaccurate particulars, as mens rea was not established. The judgment emphasized the necessity of establishing deliberate intent for imposing penalties, in line with legal precedents set by the Hon'ble Apex Court. en-us Wed, 03 Oct 2018 00:00:00 +0530 Mon, 08 Oct 2018 07:32:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368394 The ITAT upheld the deletion of the penalty imposed under section 271(1)(c) for furnishing inaccurate particulars of income, dismissing the department's appeal. The ITAT found that there was no deliberate intent in furnishing inaccurate particulars, as mens rea was not established. The judgment emphasized the necessity of establishing deliberate intent for imposing penalties, in line with legal precedents set by the Hon'ble Apex Court. Case-Laws Income Tax Wed, 03 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368394