https://www.taxtmi.com/caselaws?id=428191 The Tribunal dismissed the appeals regarding the quantum addition, affirming the CIT(A)'s restricted addition of Rs. 6,33,339. However, the appeal concerning the penalty was allowed, directing the deletion of the entire penalty under Section 271(1)(c). The Tribunal found that the assessee did not conceal income or furnish inaccurate particulars, supporting the deletion of the penalty. en-us Wed, 21 Sep 2022 00:00:00 +0530 Wed, 05 Apr 2023 16:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428191 The Tribunal dismissed the appeals regarding the quantum addition, affirming the CIT(A)'s restricted addition of Rs. 6,33,339. However, the appeal concerning the penalty was allowed, directing the deletion of the entire penalty under Section 271(1)(c). The Tribunal found that the assessee did not conceal income or furnish inaccurate particulars, supporting the deletion of the penalty. Case-Laws Income Tax Wed, 21 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428191