https://www.taxtmi.com/caselaws?id=383044 The Tribunal upheld the Commissioner of Income Tax (Appeals) [CIT(A)]'s decision to delete penalties under Section 271(1)(c) for the Assessment Year 2009-10. The Tribunal found that the assessee had bona fide explanations for the issues regarding exemption under Section 47(xiv) and deduction under Section 54. It concluded that there were genuine differences of opinion and no malafide intentions or inaccurate information provided by the assessee. en-us Fri, 05 Jul 2019 00:00:00 +0530 Mon, 15 Jul 2019 12:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383044 The Tribunal upheld the Commissioner of Income Tax (Appeals) [CIT(A)]'s decision to delete penalties under Section 271(1)(c) for the Assessment Year 2009-10. The Tribunal found that the assessee had bona fide explanations for the issues regarding exemption under Section 47(xiv) and deduction under Section 54. It concluded that there were genuine differences of opinion and no malafide intentions or inaccurate information provided by the assessee. Case-Laws Income Tax Fri, 05 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383044