https://www.taxtmi.com/caselaws?id=278785 The Tribunal allowed the appeal filed by the Assessee, setting aside the penalty imposed under section 271(1)(c) for alleged inaccurate particulars of income. The Tribunal emphasized the importance of providing an opportunity to be heard before imposing penalties and ruled in favor of the assessee, stating that the levy of penalty was not justified based on the facts and applicable legal precedent. en-us Wed, 31 Dec 2014 00:00:00 +0530 Thu, 21 Feb 2019 06:13:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278785 The Tribunal allowed the appeal filed by the Assessee, setting aside the penalty imposed under section 271(1)(c) for alleged inaccurate particulars of income. The Tribunal emphasized the importance of providing an opportunity to be heard before imposing penalties and ruled in favor of the assessee, stating that the levy of penalty was not justified based on the facts and applicable legal precedent. Case-Laws Income Tax Wed, 31 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278785