https://www.taxtmi.com/caselaws?id=56434 The Tribunal found no justification for the penalty imposed under section 271(1)(c) for concealing income particulars. The assessee's claim for deduction under section 80T was based on judicial pronouncements and made in good faith, supported by legal precedents. The Tribunal agreed that the assessee acted transparently and did not conceal income particulars, ultimately deleting the penalty and allowing the appeal. en-us Wed, 06 May 1998 00:00:00 +0530 Fri, 03 Dec 2010 16:24:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56434 The Tribunal found no justification for the penalty imposed under section 271(1)(c) for concealing income particulars. The assessee's claim for deduction under section 80T was based on judicial pronouncements and made in good faith, supported by legal precedents. The Tribunal agreed that the assessee acted transparently and did not conceal income particulars, ultimately deleting the penalty and allowing the appeal. Case-Laws Income Tax Wed, 06 May 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56434