https://www.taxtmi.com/caselaws?id=375353 The Tribunal ruled in favor of the appellant, finding that there was no deliberate concealment or inaccurate particulars of income in claiming an excessive deduction under section 35(2AB) of the Income Tax Act. The penalty imposed under section 271(1)(c) was deleted, amounting to Rs. 31,85,292, and the appeal was partly allowed. en-us Fri, 30 Nov 2018 00:00:00 +0530 Mon, 18 Feb 2019 06:36:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375353 The Tribunal ruled in favor of the appellant, finding that there was no deliberate concealment or inaccurate particulars of income in claiming an excessive deduction under section 35(2AB) of the Income Tax Act. The penalty imposed under section 271(1)(c) was deleted, amounting to Rs. 31,85,292, and the appeal was partly allowed. Case-Laws Income Tax Fri, 30 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375353