https://www.taxtmi.com/caselaws?id=177539 The Tribunal ruled in favor of the assessee, finding that the excess claim under section 80IB and prior period expenses were bona fide mistakes and not deliberate attempts to conceal income. Consequently, the penalty under section 271(1)(c) was withdrawn, and the appeal was allowed. The judgment was delivered on 19th January 2011. en-us Wed, 19 Jan 2011 00:00:00 +0530 Tue, 12 Jan 2016 11:34:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177539 The Tribunal ruled in favor of the assessee, finding that the excess claim under section 80IB and prior period expenses were bona fide mistakes and not deliberate attempts to conceal income. Consequently, the penalty under section 271(1)(c) was withdrawn, and the appeal was allowed. The judgment was delivered on 19th January 2011. Case-Laws Income Tax Wed, 19 Jan 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177539