https://www.taxtmi.com/caselaws?id=255531 The Tribunal upheld the penalty under S.271(1)(c) for furnishing inaccurate particulars of income, as the assessee did not voluntarily surrender the excessive claim for exemption under S.54F. The appeal was partly allowed, with directions to verify the quantum of penalty. en-us Wed, 31 Dec 2014 00:00:00 +0530 Tue, 20 Jan 2015 07:14:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=255531 The Tribunal upheld the penalty under S.271(1)(c) for furnishing inaccurate particulars of income, as the assessee did not voluntarily surrender the excessive claim for exemption under S.54F. The appeal was partly allowed, with directions to verify the quantum of penalty. Case-Laws Income Tax Wed, 31 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=255531