https://www.taxtmi.com/caselaws?id=363352 The High Court dismissed the appeal, ruling in favor of the assessee and against the Revenue. The judgment emphasized the necessity of establishing intentional wrongdoing for penalty imposition under Section 271(1)(c) of the Income Tax Act, clarifying that not every disallowed claim automatically attracts penalty, aligning with legislative intent and legal principles. en-us Mon, 09 Jul 2018 00:00:00 +0530 Wed, 11 Jul 2018 08:25:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=363352 The High Court dismissed the appeal, ruling in favor of the assessee and against the Revenue. The judgment emphasized the necessity of establishing intentional wrongdoing for penalty imposition under Section 271(1)(c) of the Income Tax Act, clarifying that not every disallowed claim automatically attracts penalty, aligning with legislative intent and legal principles. Case-Laws Income Tax Mon, 09 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=363352