https://www.taxtmi.com/caselaws?id=440328 The tribunal deleted the penalty imposed by the CIT(A) as the appellant did not conceal income or furnish inaccurate particulars. The appeal was partially allowed, with the penalty being removed but the disallowances upheld. The tribunal emphasized the need for clear grounds for penalty initiation and found the CIT(A)'s actions inconsistent. The order was issued on December 1, 2022. en-us Thu, 01 Dec 2022 00:00:00 +0530 Mon, 17 Jul 2023 13:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440328 The tribunal deleted the penalty imposed by the CIT(A) as the appellant did not conceal income or furnish inaccurate particulars. The appeal was partially allowed, with the penalty being removed but the disallowances upheld. The tribunal emphasized the need for clear grounds for penalty initiation and found the CIT(A)'s actions inconsistent. The order was issued on December 1, 2022. Case-Laws Income Tax Thu, 01 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440328