https://www.taxtmi.com/caselaws?id=238721 The court upheld the deletion of the penalty under section 271(1)(c) of the Income Tax Act, finding that the deduction claims were not made with mala fide intentions or to evade tax. The Tribunal and Commissioner of Income Tax (Appeals) determined that the rejection of the deduction claims did not automatically warrant penalties, citing the judgment in CIT versus Reliance Petro Products Pvt. Ltd. The appeal challenging the penalty imposition was dismissed due to the lack of evidence proving mala fide intentions on the part of the assessee. en-us Tue, 08 Oct 2013 00:00:00 +0530 Wed, 30 Oct 2013 12:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=238721 The court upheld the deletion of the penalty under section 271(1)(c) of the Income Tax Act, finding that the deduction claims were not made with mala fide intentions or to evade tax. The Tribunal and Commissioner of Income Tax (Appeals) determined that the rejection of the deduction claims did not automatically warrant penalties, citing the judgment in CIT versus Reliance Petro Products Pvt. Ltd. The appeal challenging the penalty imposition was dismissed due to the lack of evidence proving mala fide intentions on the part of the assessee. Case-Laws Income Tax Tue, 08 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=238721