https://www.taxtmi.com/caselaws?id=374356 The Tribunal allowed the assessee's appeal, quashing the penalty imposed under Section 271(1)(c). The Tribunal held that the claims made by the assessee, though found untenable, were made in good faith and did not amount to concealment of income or furnishing inaccurate particulars. en-us Thu, 24 Jan 2019 00:00:00 +0530 Thu, 31 Jan 2019 08:07:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374356 The Tribunal allowed the assessee's appeal, quashing the penalty imposed under Section 271(1)(c). The Tribunal held that the claims made by the assessee, though found untenable, were made in good faith and did not amount to concealment of income or furnishing inaccurate particulars. Case-Laws Income Tax Thu, 24 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374356