https://www.taxtmi.com/caselaws?id=465982 Dispute concerns imposition of a penalty for alleged furnishing of inaccurate particulars arising from allocation of expenses between eligible and non-eligible units claiming tax incentive deductions. The assessee consistently adopted a particular allocation method while the assessing officer used a different approach; however, the assessee disclosed all particulars of income and expenditure. Because there was no failure to furnish accurate particulars, the penalty for providing inaccurate particulars was not appropriate, and the imposition of penalty was set aside with decision against the revenue. en-us Wed, 05 Feb 2025 00:00:00 +0530 Fri, 16 Jan 2026 11:49:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=465982 Dispute concerns imposition of a penalty for alleged furnishing of inaccurate particulars arising from allocation of expenses between eligible and non-eligible units claiming tax incentive deductions. The assessee consistently adopted a particular allocation method while the assessing officer used a different approach; however, the assessee disclosed all particulars of income and expenditure. Because there was no failure to furnish accurate particulars, the penalty for providing inaccurate particulars was not appropriate, and the imposition of penalty was set aside with decision against the revenue. Case-Laws Income Tax Wed, 05 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=465982