https://www.taxtmi.com/caselaws?id=266156 Variation or disallowance of a deduction claim under section 10A, by itself, does not justify penalty under section 271(1)(c) unless concealment of income or furnishing of inaccurate particulars is established. The Tribunal noted that the appellate authority had enhanced income in quantum proceedings, but no penalty proceedings were initiated by that authority for the enhancement. On that basis, the penalty was held unsustainable and deleted. en-us Wed, 10 Jun 2015 00:00:00 +0530 Sat, 17 Oct 2015 23:27:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266156 Variation or disallowance of a deduction claim under section 10A, by itself, does not justify penalty under section 271(1)(c) unless concealment of income or furnishing of inaccurate particulars is established. The Tribunal noted that the appellate authority had enhanced income in quantum proceedings, but no penalty proceedings were initiated by that authority for the enhancement. On that basis, the penalty was held unsustainable and deleted. Case-Laws Income Tax Wed, 10 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266156