https://www.taxtmi.com/caselaws?id=260017 The Tribunal upheld the penalty under section 271(1)(c) for the assessment year 2008-09, citing deliberate submission of inaccurate particulars by the assessee in claiming excessive deduction under section 10A. Despite the assessee's argument that expense allocation was debatable and not concealment, the Tribunal found the conduct to warrant penalty, based on past disputes and deliberate inflation of taxable unit expenses. Referring to legal precedents and the Supreme Court's decision, the Tribunal dismissed the appeal, affirming the penalty imposition. en-us Fri, 10 Apr 2015 00:00:00 +0530 Thu, 30 Apr 2015 16:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260017 The Tribunal upheld the penalty under section 271(1)(c) for the assessment year 2008-09, citing deliberate submission of inaccurate particulars by the assessee in claiming excessive deduction under section 10A. Despite the assessee's argument that expense allocation was debatable and not concealment, the Tribunal found the conduct to warrant penalty, based on past disputes and deliberate inflation of taxable unit expenses. Referring to legal precedents and the Supreme Court's decision, the Tribunal dismissed the appeal, affirming the penalty imposition. Case-Laws Income Tax Fri, 10 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260017