https://www.taxtmi.com/caselaws?id=247819 The Tribunal upheld the penalty u/s. 271(1)(c) of the Income Tax Act for the assessment years 2004-05 and 2005-06, as the assessee failed to provide supporting details and furnished inaccurate particulars of income related to marketing expenses. The revision of returns was deemed non-voluntary and an attempt to avoid adverse adjustments. The denial of deduction u/s. 10A was upheld due to transfer pricing adjustments. The Tribunal found the assessee's explanations for marketing expenses unsubstantiated, leading to the dismissal of appeals and confirmation of the penalty. en-us Tue, 13 May 2014 00:00:00 +0530 Fri, 23 May 2014 11:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247819 The Tribunal upheld the penalty u/s. 271(1)(c) of the Income Tax Act for the assessment years 2004-05 and 2005-06, as the assessee failed to provide supporting details and furnished inaccurate particulars of income related to marketing expenses. The revision of returns was deemed non-voluntary and an attempt to avoid adverse adjustments. The denial of deduction u/s. 10A was upheld due to transfer pricing adjustments. The Tribunal found the assessee's explanations for marketing expenses unsubstantiated, leading to the dismissal of appeals and confirmation of the penalty. Case-Laws Income Tax Tue, 13 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247819