https://www.taxtmi.com/caselaws?id=382209 The Tribunal allowed the appeal, directing the Assessing Officer to delete the penalty under section 271(1)(c). The decision was based on the absence of deliberate intent to furnish inaccurate particulars and the lack of immediate tax benefit to the assessee due to the loss in the return of income. en-us Tue, 14 May 2019 00:00:00 +0530 Thu, 27 Jun 2019 19:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382209 The Tribunal allowed the appeal, directing the Assessing Officer to delete the penalty under section 271(1)(c). The decision was based on the absence of deliberate intent to furnish inaccurate particulars and the lack of immediate tax benefit to the assessee due to the loss in the return of income. Case-Laws Income Tax Tue, 14 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382209