https://www.taxtmi.com/caselaws?id=213601 The Tribunal upheld the penalty imposed by the Assessing Officer under section 271(1)(c) of the Income Tax Act for the wrong claim of commission payment, amounting to Rs. 51,70,764/-, finding that the claim was a deliberate attempt to evade tax. The penalty of Rs. 30,43,000/- was justified as the assessee failed to withdraw the claim despite opportunities. However, the penalty related to the disallowed deduction towards bad debts written off was deleted by the Ld. CIT (A) as the Tribunal had already ruled in favor of the appellant on this issue. The appeal was dismissed, affirming the penalty for the commission payment claim. en-us Fri, 28 Oct 2011 00:00:00 +0530 Mon, 28 May 2012 15:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213601 The Tribunal upheld the penalty imposed by the Assessing Officer under section 271(1)(c) of the Income Tax Act for the wrong claim of commission payment, amounting to Rs. 51,70,764/-, finding that the claim was a deliberate attempt to evade tax. The penalty of Rs. 30,43,000/- was justified as the assessee failed to withdraw the claim despite opportunities. However, the penalty related to the disallowed deduction towards bad debts written off was deleted by the Ld. CIT (A) as the Tribunal had already ruled in favor of the appellant on this issue. The appeal was dismissed, affirming the penalty for the commission payment claim. Case-Laws Income Tax Fri, 28 Oct 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213601