2013 (7) TMI 290

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..... furnishing inaccurate particulars. We see no infirmity in the order of the Income-tax Appellate Tribunal - Decided in favour of Revenue. - - - - - Dated:- 5-11-2012 - DEVADHAR J. P., SANKLECHA M. S. JJ JUDGMENT Whether the Income-tax Appellate Tribunal was justified in deleting the penalty levied under section 271(1)(c) of the Income-tax Act, 1961, is the question raised in this appeal .....

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..... nd penalty has been imposed. The Income-tax Appellate Tribunal has deleted the penalty on the ground that the additions made on account of disallowance was neither due to the failure on the part of the assessee to furnish accurate particulars nor on account of furnishing inaccurate particulars. We see no infirmity in the order of the Income-tax Appellate Tribunal. The appeal is accordingly dismi .....

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