https://www.taxtmi.com/caselaws?id=219465 The Tribunal upheld the penalty under section 271(1)(c) of the Income Tax Act for deliberate misleading actions by the assessee in claiming excess depreciation, non-inclusion of excise duty in closing stock valuation, and disallowance of unpaid bonus. The appeal was dismissed, confirming the penalty of Rs. 73,71,366/- for furnishing inaccurate particulars of income. en-us Mon, 23 Jul 2012 00:00:00 +0530 Thu, 08 Nov 2012 16:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219465 The Tribunal upheld the penalty under section 271(1)(c) of the Income Tax Act for deliberate misleading actions by the assessee in claiming excess depreciation, non-inclusion of excise duty in closing stock valuation, and disallowance of unpaid bonus. The appeal was dismissed, confirming the penalty of Rs. 73,71,366/- for furnishing inaccurate particulars of income. Case-Laws Income Tax Mon, 23 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219465