https://www.taxtmi.com/caselaws?id=257517 The court upheld the penalty imposed under Section 271(1)(c) of the Income Tax Act, 1961, on the appellant for fabricating a false gift claim to evade tax. The appellant failed to substantiate the genuineness of the gift or the donor's identity, with the provided donor address being incorrect. The court found the appellant's actions indicated intentional tax evasion through false claims, leading to the dismissal of appeals as no substantial legal question arose, affirming the penalty imposition of Rs. 66,151. en-us Thu, 12 Feb 2015 00:00:00 +0530 Fri, 13 Mar 2015 10:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257517 The court upheld the penalty imposed under Section 271(1)(c) of the Income Tax Act, 1961, on the appellant for fabricating a false gift claim to evade tax. The appellant failed to substantiate the genuineness of the gift or the donor's identity, with the provided donor address being incorrect. The court found the appellant's actions indicated intentional tax evasion through false claims, leading to the dismissal of appeals as no substantial legal question arose, affirming the penalty imposition of Rs. 66,151. Case-Laws Income Tax Thu, 12 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257517