https://www.taxtmi.com/caselaws?id=237328 The High Court dismissed the appeal, ruling that the claim made by the assessee during assessment proceedings did not warrant penalty under Section 271(1)(c) of the Income Tax Act. The court emphasized that taxpayers should be allowed to make claims during assessments without the threat of penalties, as long as there is no deliberate concealment of facts. The decision was based on the principle that penalties should not be imposed solely for making claims, especially during scrutiny assessments. en-us Fri, 30 Aug 2013 00:00:00 +0530 Fri, 06 Dec 2013 18:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237328 The High Court dismissed the appeal, ruling that the claim made by the assessee during assessment proceedings did not warrant penalty under Section 271(1)(c) of the Income Tax Act. The court emphasized that taxpayers should be allowed to make claims during assessments without the threat of penalties, as long as there is no deliberate concealment of facts. The decision was based on the principle that penalties should not be imposed solely for making claims, especially during scrutiny assessments. Case-Laws Income Tax Fri, 30 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237328