https://www.taxtmi.com/caselaws?id=177759 The appeal was dismissed, and the penalty for adding Rs. 51,11,136 to the returned income was upheld. The claim for terminal allowance was deemed false, leading to the confirmation of penalties for furnishing inaccurate particulars and concealing income. The ITAT affirmed the CIT(A)'s decision, emphasizing that the claim lacked bona fides and did not align with legal interpretations. en-us Tue, 31 Aug 2010 00:00:00 +0530 Mon, 18 Jan 2016 14:11:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177759 The appeal was dismissed, and the penalty for adding Rs. 51,11,136 to the returned income was upheld. The claim for terminal allowance was deemed false, leading to the confirmation of penalties for furnishing inaccurate particulars and concealing income. The ITAT affirmed the CIT(A)'s decision, emphasizing that the claim lacked bona fides and did not align with legal interpretations. Case-Laws Income Tax Tue, 31 Aug 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177759