https://www.taxtmi.com/caselaws?id=394748 The appeals were allowed for the assessment years 2010-11 and 2011-12. The Tribunal found that the penalty imposed for inaccurate particulars of income and disallowance of expenses was unsustainable as the Assessing Officer did not provide proper justification for the disallowance of expenses and did not prove any concealment of income. Citing legal precedents, the Tribunal concluded that mere unsustainable claims in the return do not amount to furnishing inaccurate particulars of income. Consequently, the penalties were set aside, and both appeals were allowed on February 14, 2020. en-us Fri, 14 Feb 2020 00:00:00 +0530 Thu, 23 Apr 2020 11:14:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394748 The appeals were allowed for the assessment years 2010-11 and 2011-12. The Tribunal found that the penalty imposed for inaccurate particulars of income and disallowance of expenses was unsustainable as the Assessing Officer did not provide proper justification for the disallowance of expenses and did not prove any concealment of income. Citing legal precedents, the Tribunal concluded that mere unsustainable claims in the return do not amount to furnishing inaccurate particulars of income. Consequently, the penalties were set aside, and both appeals were allowed on February 14, 2020. Case-Laws Income Tax Fri, 14 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394748