https://www.taxtmi.com/caselaws?id=431675 The Tribunal found the issue debatable and ruled in favor of the assessee, concluding that there was no inaccurate particulars of income. The penalty of Rs. 1,55,96,843/- imposed under Section 271(1)(c) for Assessment Year 1999-2000 was deleted. The appeal was allowed, and the remaining contentions were not addressed as the primary issue was resolved in favor of the assessee. en-us Fri, 16 Dec 2022 00:00:00 +0530 Mon, 19 Dec 2022 09:16:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431675 The Tribunal found the issue debatable and ruled in favor of the assessee, concluding that there was no inaccurate particulars of income. The penalty of Rs. 1,55,96,843/- imposed under Section 271(1)(c) for Assessment Year 1999-2000 was deleted. The appeal was allowed, and the remaining contentions were not addressed as the primary issue was resolved in favor of the assessee. Case-Laws Income Tax Fri, 16 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431675