https://www.taxtmi.com/caselaws?id=329854 The ITAT upheld the penalty under section 271(1)(c) for furnishing inaccurate income particulars. Interest income from non-cooperative banks and sales activities were not eligible for deduction under section 80P. The claim of total exemption under section 80P was deemed deliberate, justifying the penalty. The appeal was dismissed, affirming the lower authorities' decisions. en-us Tue, 05 Jul 2016 00:00:00 +0530 Mon, 11 Jul 2016 13:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329854 The ITAT upheld the penalty under section 271(1)(c) for furnishing inaccurate income particulars. Interest income from non-cooperative banks and sales activities were not eligible for deduction under section 80P. The claim of total exemption under section 80P was deemed deliberate, justifying the penalty. The appeal was dismissed, affirming the lower authorities' decisions. Case-Laws Income Tax Tue, 05 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329854