https://www.taxtmi.com/caselaws?id=438416 The Tribunal allowed the appeal, holding that the penalty imposed under section 271(1)(c) was unsustainable as the assessee did not furnish inaccurate particulars of income. The penalty of Rs.1,70,000 was deleted, and the appeal was allowed on 29/05/2023. en-us Mon, 29 May 2023 00:00:00 +0530 Tue, 30 May 2023 13:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=438416 The Tribunal allowed the appeal, holding that the penalty imposed under section 271(1)(c) was unsustainable as the assessee did not furnish inaccurate particulars of income. The penalty of Rs.1,70,000 was deleted, and the appeal was allowed on 29/05/2023. Case-Laws Income Tax Mon, 29 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=438416