https://www.taxtmi.com/caselaws?id=210419 The Tribunal upheld the penalty imposed under section 271(1)(c) of Rs. 1,40,760 on a private limited company for furnishing inaccurate particulars in its return of income. The company's claim for sub-letting charges was deemed false and lacked bona fide intent, as evidenced by the lack of documentary evidence and support for the claim. The Tribunal referenced precedents from the Hon'ble jurisdictional Delhi High Court, emphasizing that false claims without legal basis could attract penalties. The appellant's appeal was dismissed, affirming the penalty imposed by the Assessing Officer and upheld by the CIT(A). en-us Fri, 05 Aug 2011 00:00:00 +0530 Fri, 10 Feb 2012 07:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210419 The Tribunal upheld the penalty imposed under section 271(1)(c) of Rs. 1,40,760 on a private limited company for furnishing inaccurate particulars in its return of income. The company's claim for sub-letting charges was deemed false and lacked bona fide intent, as evidenced by the lack of documentary evidence and support for the claim. The Tribunal referenced precedents from the Hon'ble jurisdictional Delhi High Court, emphasizing that false claims without legal basis could attract penalties. The appellant's appeal was dismissed, affirming the penalty imposed by the Assessing Officer and upheld by the CIT(A). Case-Laws Income Tax Fri, 05 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210419