https://www.taxtmi.com/caselaws?id=234849 The ITAT upheld the penalty imposed under section 271(1)(c) on the assessee for furnishing inaccurate particulars of income regarding consultancy charges. The appellant failed to prove the genuineness of the expenditure and services rendered, leading to the penalty being sustained. The lack of evidence supporting the claimed expenses resulted in the dismissal of the appeal and affirmation of the penalty. en-us Fri, 21 Jun 2013 00:00:00 +0530 Mon, 01 Jul 2013 13:43:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=234849 The ITAT upheld the penalty imposed under section 271(1)(c) on the assessee for furnishing inaccurate particulars of income regarding consultancy charges. The appellant failed to prove the genuineness of the expenditure and services rendered, leading to the penalty being sustained. The lack of evidence supporting the claimed expenses resulted in the dismissal of the appeal and affirmation of the penalty. Case-Laws Income Tax Fri, 21 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=234849