https://www.taxtmi.com/caselaws?id=215159 The Third Member upheld the penalty under section 271(1)(c) against the assessee, concluding that the explanation for the erroneous claim was not bona fide. The Division Bench, concurring with the majority view, dismissed the assessee's appeal, confirming the penalty. en-us Thu, 31 May 2012 00:00:00 +0530 Wed, 27 Jul 2016 13:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215159 The Third Member upheld the penalty under section 271(1)(c) against the assessee, concluding that the explanation for the erroneous claim was not bona fide. The Division Bench, concurring with the majority view, dismissed the assessee's appeal, confirming the penalty. Case-Laws Income Tax Thu, 31 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215159