https://www.taxtmi.com/caselaws?id=282368 The Tribunal upheld the CIT(A)'s decision to delete the penalty imposed under section 271(1)(c) as the assessee had not concealed income or furnished inaccurate particulars, emphasizing the importance of providing all details and the interpretative nature of the issue at hand. The appeals filed by the revenue were ultimately dismissed, with the Tribunal finding that no concealment or inaccurate particulars were involved in the assessment of deemed dividend under section 2(22)(e) of the Income Tax Act, 1961. en-us Fri, 19 Feb 2016 00:00:00 +0530 Mon, 05 Aug 2019 20:16:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282368 The Tribunal upheld the CIT(A)'s decision to delete the penalty imposed under section 271(1)(c) as the assessee had not concealed income or furnished inaccurate particulars, emphasizing the importance of providing all details and the interpretative nature of the issue at hand. The appeals filed by the revenue were ultimately dismissed, with the Tribunal finding that no concealment or inaccurate particulars were involved in the assessment of deemed dividend under section 2(22)(e) of the Income Tax Act, 1961. Case-Laws Income Tax Fri, 19 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282368