https://www.taxtmi.com/caselaws?id=373476 The Tribunal ruled in favor of the assessee, holding that the penalty imposed under section 271(1)(c) of the Income Tax Act was unjustified. The Tribunal found insufficient evidence to support inaccurate particulars of income and noted a discrepancy in the basis for confirming the penalty by the ld.CIT(A). Citing a similar case, the Tribunal deleted the penalty, concluding that the assessee had not furnished inaccurate particulars of income. en-us Wed, 09 Jan 2019 00:00:00 +0530 Mon, 14 Jan 2019 07:34:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373476 The Tribunal ruled in favor of the assessee, holding that the penalty imposed under section 271(1)(c) of the Income Tax Act was unjustified. The Tribunal found insufficient evidence to support inaccurate particulars of income and noted a discrepancy in the basis for confirming the penalty by the ld.CIT(A). Citing a similar case, the Tribunal deleted the penalty, concluding that the assessee had not furnished inaccurate particulars of income. Case-Laws Income Tax Wed, 09 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373476