https://www.taxtmi.com/caselaws?id=242963 The appeals were dismissed, and penalties imposed under Section 271(1)(c) for furnishing inaccurate particulars of income by falsely claiming exemption under Section 10(38) were upheld. The Tribunal found the assessees' repeated claims and lack of bona fide belief indicated a deliberate attempt to evade tax, aligning with precedent. The importance of accurate tax filings and taxpayer responsibility was emphasized. en-us Wed, 13 Nov 2013 00:00:00 +0530 Fri, 24 Jan 2014 09:54:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=242963 The appeals were dismissed, and penalties imposed under Section 271(1)(c) for furnishing inaccurate particulars of income by falsely claiming exemption under Section 10(38) were upheld. The Tribunal found the assessees' repeated claims and lack of bona fide belief indicated a deliberate attempt to evade tax, aligning with precedent. The importance of accurate tax filings and taxpayer responsibility was emphasized. Case-Laws Income Tax Wed, 13 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=242963