https://www.taxtmi.com/caselaws?id=413613 The tribunal upheld the penalty imposed by the Assessing Officer under Section 271(1)(c) of the Income Tax Act for furnishing inaccurate particulars of income. It found that the disclosure of income was not voluntary but forced due to search proceedings, leading to the penalty being rightly imposed. The tribunal dismissed the Revenue's appeals and allowed the cross objections filed by the assessee, following the precedent set by the jurisdictional High Court in Md. Farhan A. Shaikh Vs. DCIT. en-us Thu, 07 Oct 2021 00:00:00 +0530 Thu, 14 Oct 2021 15:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413613 The tribunal upheld the penalty imposed by the Assessing Officer under Section 271(1)(c) of the Income Tax Act for furnishing inaccurate particulars of income. It found that the disclosure of income was not voluntary but forced due to search proceedings, leading to the penalty being rightly imposed. The tribunal dismissed the Revenue's appeals and allowed the cross objections filed by the assessee, following the precedent set by the jurisdictional High Court in Md. Farhan A. Shaikh Vs. DCIT. Case-Laws Income Tax Thu, 07 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413613