https://www.taxtmi.com/caselaws?id=266776 The Tribunal found that the penalty imposed on the assessee under section 271(1)(c) for the assessment year 2009-10 was unsustainable. The Tribunal considered the assessee's explanation regarding the deduction claim and concluded that it was reasonable and bona fide, with no intention to evade taxes. The appeal of the assessee was allowed, and the penalty was set aside. en-us Wed, 16 Sep 2015 00:00:00 +0530 Fri, 23 Oct 2015 22:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266776 The Tribunal found that the penalty imposed on the assessee under section 271(1)(c) for the assessment year 2009-10 was unsustainable. The Tribunal considered the assessee's explanation regarding the deduction claim and concluded that it was reasonable and bona fide, with no intention to evade taxes. The appeal of the assessee was allowed, and the penalty was set aside. Case-Laws Income Tax Wed, 16 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266776