https://www.taxtmi.com/caselaws?id=465951 Penalty for furnishing inaccurate particulars concerning residential status was contested where the assessee switched between resident and non-resident filings and had disputed status with the tax authority. The appellate authority annulled the penalty on three bases: prior inconsistent treatment and protest filings explained to the revenue, the residential-status question being a genuinely debatable issue precluding penalty, and the assessee having filed a return under reassessment as a non-resident and paid tax at the non-resident rate. Consequently the penalty levy was held unjustified and the revenue appeal dismissed. en-us Fri, 31 Jan 2025 00:00:00 +0530 Sat, 17 Jan 2026 08:44:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=465951 Penalty for furnishing inaccurate particulars concerning residential status was contested where the assessee switched between resident and non-resident filings and had disputed status with the tax authority. The appellate authority annulled the penalty on three bases: prior inconsistent treatment and protest filings explained to the revenue, the residential-status question being a genuinely debatable issue precluding penalty, and the assessee having filed a return under reassessment as a non-resident and paid tax at the non-resident rate. Consequently the penalty levy was held unjustified and the revenue appeal dismissed. Case-Laws Income Tax Fri, 31 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=465951