https://www.taxtmi.com/caselaws?id=380121 The Tribunal allowed the appeals, ruling that the penalty under Section 271(1)(c) was not leviable. The Tribunal found that the conditions for initiating and levying the penalty were not met, as the assessee's actions did not constitute furnishing inaccurate particulars or concealment of income. The penalty imposed by the AO and confirmed by the CIT (A) was deleted, and the appeals were allowed. en-us Fri, 10 May 2019 00:00:00 +0530 Mon, 13 May 2019 09:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380121 The Tribunal allowed the appeals, ruling that the penalty under Section 271(1)(c) was not leviable. The Tribunal found that the conditions for initiating and levying the penalty were not met, as the assessee's actions did not constitute furnishing inaccurate particulars or concealment of income. The penalty imposed by the AO and confirmed by the CIT (A) was deleted, and the appeals were allowed. Case-Laws Income Tax Fri, 10 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380121