https://www.taxtmi.com/caselaws?id=266206 Penalty under section 271(1)(c) was considered in the context of an assessee who claimed separate deductions for depreciation, building maintenance, commission, vacating expenses, architect fees and similar items against income assessable under the head "Income from house property". The Tribunal noted that only the composite deduction under section 24 was available and that the additional claims were not merely debatable but patently impermissible under the statutory scheme. On that basis, the Tribunal applied the principle that a clearly untenable claim in the return can attract penalty for concealment or furnishing inaccurate particulars, and the penalty was upheld against the assessee. en-us Thu, 19 Mar 2015 00:00:00 +0530 Mon, 19 Oct 2015 07:46:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266206 Penalty under section 271(1)(c) was considered in the context of an assessee who claimed separate deductions for depreciation, building maintenance, commission, vacating expenses, architect fees and similar items against income assessable under the head "Income from house property". The Tribunal noted that only the composite deduction under section 24 was available and that the additional claims were not merely debatable but patently impermissible under the statutory scheme. On that basis, the Tribunal applied the principle that a clearly untenable claim in the return can attract penalty for concealment or furnishing inaccurate particulars, and the penalty was upheld against the assessee. Case-Laws Income Tax Thu, 19 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266206