https://www.taxtmi.com/caselaws?id=436439 The Tribunal allowed the appeal, directing deletion of the penalty imposed under section 271(1)(c) of the Income Tax Act. The penalty was found to be unsustainable as it was unclear and did not satisfy the legal requirement, being imposed for concealing income particulars rather than furnishing inaccurate particulars. The appellant's failure to provide substantiation during the appellate proceedings was noted, leading to the Tribunal's decision to delete the penalty amount of Rs. 38,669. en-us Thu, 09 Mar 2023 00:00:00 +0530 Thu, 13 Apr 2023 07:59:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436439 The Tribunal allowed the appeal, directing deletion of the penalty imposed under section 271(1)(c) of the Income Tax Act. The penalty was found to be unsustainable as it was unclear and did not satisfy the legal requirement, being imposed for concealing income particulars rather than furnishing inaccurate particulars. The appellant's failure to provide substantiation during the appellate proceedings was noted, leading to the Tribunal's decision to delete the penalty amount of Rs. 38,669. Case-Laws Income Tax Thu, 09 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436439