Court Upholds Penalty for Dubious Tax Deduction Claims u/s 271(1)(c), Assessees Subcontracted Work, Lacked Genuine Intent.

Court Upholds Penalty for Dubious Tax Deduction Claims u/s 271(1)(c), Assessees Subcontracted Work, Lacked Genuine Intent. https://www.taxtmi.com/highlights?id=13796 Penalty u/s 271(1)(c) - Deduction u/s 80IA - Dubious and fanciful claims under the garb of interpretation, are a mere pretence and not bonafide - assessees had not carried out the work but had sub-contracted the same to a third party/parties - Levy of penalty confirmed. - HC en-us Fri, 09 Aug 2013 09:26:03 +0530 Fri, 09 Aug 2013 09:26:03 +0530 TaxTMI RSS Generator Court Upholds Penalty for Dubious Tax Deduction Claims u/s 271(1)(c), Assessees Subcontracted Work, Lacked Genuine Intent. https://www.taxtmi.com/highlights?id=13796 Penalty u/s 271(1)(c) - Deduction u/s 80IA - Dubious and fanciful claims under the garb of interpretation, are a mere pretence and not bonafide - assessees had not carried out the work but had sub-contracted the same to a third party/parties - Levy of penalty confirmed. - HC Highlights Income Tax Fri, 09 Aug 2013 09:26:03 +0530 https://www.taxtmi.com/highlights?id=13796