https://www.taxtmi.com/caselaws?id=377654 The Tribunal canceled the penalties for both Assessment Years 2001-02 and 2002-03, emphasizing complete disclosure and the debatable nature of the issues, precluding penalties under Section 271(1)(c) of the Income Tax Act. The appeals were allowed, highlighting the importance of distinguishing between bona fide claims and concealment or furnishing inaccurate particulars to avoid penalties. en-us Thu, 28 Mar 2019 00:00:00 +0530 Mon, 01 Apr 2019 13:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377654 The Tribunal canceled the penalties for both Assessment Years 2001-02 and 2002-03, emphasizing complete disclosure and the debatable nature of the issues, precluding penalties under Section 271(1)(c) of the Income Tax Act. The appeals were allowed, highlighting the importance of distinguishing between bona fide claims and concealment or furnishing inaccurate particulars to avoid penalties. Case-Laws Income Tax Thu, 28 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377654