https://www.taxtmi.com/caselaws?id=380435 The High Court upheld the cancellation of the penalty under Section 271(1)(c) of the Income Tax Act, 1961 imposed by the Assessing Officer for concealment of inaccurate particulars in relation to a claim under Section 80P. Despite the respondent-assessee furnishing inaccurate particulars of income, the Tribunal annulled the penalty, raising questions about the interpretation and application of the law in such cases. The appeal was dismissed, with no costs awarded, and pending petitions were directed to be closed. en-us Tue, 04 Dec 2018 00:00:00 +0530 Mon, 20 May 2019 12:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380435 The High Court upheld the cancellation of the penalty under Section 271(1)(c) of the Income Tax Act, 1961 imposed by the Assessing Officer for concealment of inaccurate particulars in relation to a claim under Section 80P. Despite the respondent-assessee furnishing inaccurate particulars of income, the Tribunal annulled the penalty, raising questions about the interpretation and application of the law in such cases. The appeal was dismissed, with no costs awarded, and pending petitions were directed to be closed. Case-Laws Income Tax Tue, 04 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380435