https://www.taxtmi.com/caselaws?id=212495 The Tribunal allowed the appeal, setting aside the Commissioner of Income Tax (Appeals) order and restoring the penalty imposed by the Assessing Officer. The decision was based on the finding that the explanation provided by the assessee was false, and there was a deliberate attempt to claim inadmissible deductions, leading to the penalty being upheld. en-us Tue, 25 Oct 2011 00:00:00 +0530 Thu, 22 Nov 2012 14:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=212495 The Tribunal allowed the appeal, setting aside the Commissioner of Income Tax (Appeals) order and restoring the penalty imposed by the Assessing Officer. The decision was based on the finding that the explanation provided by the assessee was false, and there was a deliberate attempt to claim inadmissible deductions, leading to the penalty being upheld. Case-Laws Income Tax Tue, 25 Oct 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=212495