https://www.taxtmi.com/caselaws?id=216449 The Tribunal allowed the appeal, canceling the penalty of Rs. 2,55,53,890 imposed under Section 271(1)(c) for Assessment Year 2006-07, as the denial of the deduction under Section 80IA did not amount to furnishing inaccurate particulars, based on legitimate grounds and separate claim, as per legal precedents and Supreme Court decision. en-us Mon, 25 Jun 2012 00:00:00 +0530 Wed, 29 Aug 2012 13:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216449 The Tribunal allowed the appeal, canceling the penalty of Rs. 2,55,53,890 imposed under Section 271(1)(c) for Assessment Year 2006-07, as the denial of the deduction under Section 80IA did not amount to furnishing inaccurate particulars, based on legitimate grounds and separate claim, as per legal precedents and Supreme Court decision. Case-Laws Income Tax Mon, 25 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216449