https://www.taxtmi.com/caselaws?id=351477 The court ruled in favor of the appellant, finding that the penalty under Section 271(1)(c) of the Income Tax Act was unjustified. Citing relevant case law, the court emphasized that penalties should not be imposed solely for the disallowance of claims without clear evidence of concealment or furnishing inaccurate particulars. The court reversed the Tribunal's decision, highlighting that without delving into the merits, penalties cannot be imposed. Ultimately, the appeal was allowed, and the judgment favored the appellant against the department. en-us Mon, 06 Nov 2017 00:00:00 +0530 Sat, 25 Nov 2017 08:07:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351477 The court ruled in favor of the appellant, finding that the penalty under Section 271(1)(c) of the Income Tax Act was unjustified. Citing relevant case law, the court emphasized that penalties should not be imposed solely for the disallowance of claims without clear evidence of concealment or furnishing inaccurate particulars. The court reversed the Tribunal's decision, highlighting that without delving into the merits, penalties cannot be imposed. Ultimately, the appeal was allowed, and the judgment favored the appellant against the department. Case-Laws Income Tax Mon, 06 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351477