https://www.taxtmi.com/caselaws?id=268182 The Tribunal found that the assessee's claim of expenditure was not bona fide, and the revised return was filed with full knowledge of the inadmissibility of the claim. Consequently, the penalty under Section 271(1)(c) of the Income Tax Act was deemed justified. The Tribunal reversed the order of the Commissioner of Income Tax (Appeals) and restored the Assessing Officer's decision, allowing the Revenue's appeal. en-us Fri, 31 Jul 2015 00:00:00 +0530 Sat, 21 Nov 2015 12:45:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=268182 The Tribunal found that the assessee's claim of expenditure was not bona fide, and the revised return was filed with full knowledge of the inadmissibility of the claim. Consequently, the penalty under Section 271(1)(c) of the Income Tax Act was deemed justified. The Tribunal reversed the order of the Commissioner of Income Tax (Appeals) and restored the Assessing Officer's decision, allowing the Revenue's appeal. Case-Laws Income Tax Fri, 31 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=268182