https://www.taxtmi.com/caselaws?id=329670 The Tribunal upheld the penalty under section 271(1)(c) against the assessee for inaccurately claiming ROC fees as revenue expenditure instead of capital, despite the established legal position. Emphasizing adherence to legal precedents, the Tribunal rejected the CIT(A)'s decision and reinstated the penalty, noting the potential for intentional misrepresentation to evade scrutiny. The revenue's appeal was successful, leading to the affirmation of the penalty. en-us Wed, 08 Jun 2016 00:00:00 +0530 Thu, 07 Jul 2016 12:15:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329670 The Tribunal upheld the penalty under section 271(1)(c) against the assessee for inaccurately claiming ROC fees as revenue expenditure instead of capital, despite the established legal position. Emphasizing adherence to legal precedents, the Tribunal rejected the CIT(A)'s decision and reinstated the penalty, noting the potential for intentional misrepresentation to evade scrutiny. The revenue's appeal was successful, leading to the affirmation of the penalty. Case-Laws Income Tax Wed, 08 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329670