https://www.taxtmi.com/caselaws?id=412294 The penalty imposed by the Assessing Officer on the assessee for furnishing inaccurate particulars of income was found to be unjustified. The court quashed the penalty order, allowing the grounds raised by the assessee in the cross objection. Consequently, the appeal of the Revenue was deemed infructuous and dismissed. The cross objection of the assessee was allowed, while the Revenue's appeal was dismissed. en-us Tue, 07 Sep 2021 00:00:00 +0530 Wed, 15 Sep 2021 09:00:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412294 The penalty imposed by the Assessing Officer on the assessee for furnishing inaccurate particulars of income was found to be unjustified. The court quashed the penalty order, allowing the grounds raised by the assessee in the cross objection. Consequently, the appeal of the Revenue was deemed infructuous and dismissed. The cross objection of the assessee was allowed, while the Revenue's appeal was dismissed. Case-Laws Income Tax Tue, 07 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412294