https://www.taxtmi.com/caselaws?id=439902 The Tribunal ruled in favor of the assessee, holding that the penalty imposed under section 271(1)(c) of the Act was not justified as there was no concealment of income or furnishing of inaccurate particulars of income. The Tribunal emphasized the necessity of meeting the conditions specified in the Act before penalizing for such offenses. en-us Mon, 03 Jul 2023 00:00:00 +0530 Tue, 04 Jul 2023 17:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=439902 The Tribunal ruled in favor of the assessee, holding that the penalty imposed under section 271(1)(c) of the Act was not justified as there was no concealment of income or furnishing of inaccurate particulars of income. The Tribunal emphasized the necessity of meeting the conditions specified in the Act before penalizing for such offenses. Case-Laws Income Tax Mon, 03 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=439902