https://www.taxtmi.com/caselaws?id=334704 The court dismissed the appeal against the Income-tax Appellate Tribunal's judgment regarding the imposition of a penalty under section 271(1)(c) of the Income-tax Act, 1961. It was found that the assessee did not furnish inaccurate particulars of income, as the claimed expenditure was legitimate and compliant with tax laws. The court emphasized that making a claim that is not legally sustainable does not amount to providing inaccurate particulars. The appeal was dismissed, affirming that the assessee did not conceal income or provide inadequate details. en-us Wed, 27 Jul 2016 00:00:00 +0530 Fri, 18 Nov 2016 13:21:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=334704 The court dismissed the appeal against the Income-tax Appellate Tribunal's judgment regarding the imposition of a penalty under section 271(1)(c) of the Income-tax Act, 1961. It was found that the assessee did not furnish inaccurate particulars of income, as the claimed expenditure was legitimate and compliant with tax laws. The court emphasized that making a claim that is not legally sustainable does not amount to providing inaccurate particulars. The appeal was dismissed, affirming that the assessee did not conceal income or provide inadequate details. Case-Laws Income Tax Wed, 27 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=334704