https://www.taxtmi.com/caselaws?id=338632 The appellate tribunal upheld a penalty imposed under section 271(1)(c) of the Income Tax Act on the appellant for inaccurate particulars in claiming interest against rental income. Despite the appellant's argument of unintentional error, the tribunal deemed the claim deliberate and reduced the penalty from 300% to 100% of the income sought to be evaded. The decision emphasized the importance of accurate disclosure in tax matters and highlighted the pattern of false claims by the appellant. en-us Fri, 03 Feb 2017 00:00:00 +0530 Tue, 07 Feb 2017 10:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338632 The appellate tribunal upheld a penalty imposed under section 271(1)(c) of the Income Tax Act on the appellant for inaccurate particulars in claiming interest against rental income. Despite the appellant's argument of unintentional error, the tribunal deemed the claim deliberate and reduced the penalty from 300% to 100% of the income sought to be evaded. The decision emphasized the importance of accurate disclosure in tax matters and highlighted the pattern of false claims by the appellant. Case-Laws Income Tax Fri, 03 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338632