The appeals of the assessee are allowed
Bench: Shri Chandra Mohan Garg & Shri O.P.Meena
u/s 271(1) (c) was imposed on account of furnishing of inaccurate particulars of income. The penalty was held to be illegally imposed by the tribunal since factual details of income furnished by the ‘Assessee’ were found to be correct. The M.P. State Tourism and others (ITA No.2/Ind/2015 and others) 20 matter ultimately reached