https://www.taxtmi.com/caselaws?id=415887 The Court upheld the Income Tax Appellate Tribunal's decision to set aside the penalty levy imposed by the Assessing Officer on the respondent. The appellant's arguments challenging the respondent's actions and TP documentation were dismissed, with the Court emphasizing that mere legal disagreements do not constitute furnishing inaccurate income particulars under the Income Tax Act. The Court referred to precedents and ruled that no substantial question of law arose for consideration, ultimately dismissing the appeal. en-us Fri, 10 Dec 2021 00:00:00 +0530 Thu, 16 Dec 2021 09:08:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415887 The Court upheld the Income Tax Appellate Tribunal's decision to set aside the penalty levy imposed by the Assessing Officer on the respondent. The appellant's arguments challenging the respondent's actions and TP documentation were dismissed, with the Court emphasizing that mere legal disagreements do not constitute furnishing inaccurate income particulars under the Income Tax Act. The Court referred to precedents and ruled that no substantial question of law arose for consideration, ultimately dismissing the appeal. Case-Laws Income Tax Fri, 10 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415887