https://www.taxtmi.com/caselaws?id=266146 The tribunal allowed the appeal, ruling in favor of the assessee and against the penalty imposed under section 271(1)(c) of the Income Tax Act. The tribunal found that the claim under section 54F was debatable and that providing all necessary details, even if the claim was unsuccessful, did not constitute a false claim warranting a penalty. en-us Wed, 20 May 2015 00:00:00 +0530 Sat, 17 Oct 2015 23:27:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266146 The tribunal allowed the appeal, ruling in favor of the assessee and against the penalty imposed under section 271(1)(c) of the Income Tax Act. The tribunal found that the claim under section 54F was debatable and that providing all necessary details, even if the claim was unsuccessful, did not constitute a false claim warranting a penalty. Case-Laws Income Tax Wed, 20 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266146