https://www.taxtmi.com/caselaws?id=350750 The Tribunal upheld the penalty imposed under section 271(1)(c) for furnishing inaccurate particulars of income related to disallowance under section 40(a)(ia) of the Act. The Tribunal found the penalty valid as the assessee failed to deduct TDS on rent payments, claimed the deduction without basis, and provided false explanations. The Tribunal dismissed the appeal, affirming the CIT(A)'s decision and concluding that the penalty was rightly imposed based on the facts and circumstances of the case. en-us Fri, 29 Sep 2017 00:00:00 +0530 Sat, 11 Nov 2017 21:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350750 The Tribunal upheld the penalty imposed under section 271(1)(c) for furnishing inaccurate particulars of income related to disallowance under section 40(a)(ia) of the Act. The Tribunal found the penalty valid as the assessee failed to deduct TDS on rent payments, claimed the deduction without basis, and provided false explanations. The Tribunal dismissed the appeal, affirming the CIT(A)'s decision and concluding that the penalty was rightly imposed based on the facts and circumstances of the case. Case-Laws Income Tax Fri, 29 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350750