https://www.taxtmi.com/caselaws?id=332955 The Tribunal concluded that the penalty under section 271(1)(c) was not justified as the assessee had provided all necessary details and the claim was not found to be false. The appeal was allowed, and the penalty was deleted, following the principles laid down by the Supreme Court in the Reliance Petroproducts case. The decision was pronounced on 19th August 2016. en-us Fri, 19 Aug 2016 00:00:00 +0530 Fri, 30 Sep 2016 14:25:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332955 The Tribunal concluded that the penalty under section 271(1)(c) was not justified as the assessee had provided all necessary details and the claim was not found to be false. The appeal was allowed, and the penalty was deleted, following the principles laid down by the Supreme Court in the Reliance Petroproducts case. The decision was pronounced on 19th August 2016. Case-Laws Income Tax Fri, 19 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332955