https://www.taxtmi.com/caselaws?id=208466 The court upheld the restoration of the penalty under Section 271(1)(c) of the Income Tax Act, 1961 against a domestic company for furnishing inaccurate particulars of income. The court found that the company failed to disclose all relevant facts and did not meet the conditions for claiming bad debt deduction. The appeal was dismissed, confirming the legitimacy of the penalty imposed by the Tribunal. en-us Fri, 13 Jan 2012 00:00:00 +0530 Tue, 31 Jan 2012 18:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=208466 The court upheld the restoration of the penalty under Section 271(1)(c) of the Income Tax Act, 1961 against a domestic company for furnishing inaccurate particulars of income. The court found that the company failed to disclose all relevant facts and did not meet the conditions for claiming bad debt deduction. The appeal was dismissed, confirming the legitimacy of the penalty imposed by the Tribunal. Case-Laws Income Tax Fri, 13 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=208466