https://www.taxtmi.com/caselaws?id=382323 ITAT Indore upheld CIT(A)'s decision allowing assessee's claim for AMT tax credit set-off under Section 115JD for assessment years 2014-15 and 2015-16. The tribunal found CIT(A) correctly examined provisions of Sections 115JC and 115JD. Regarding penalty under Section 271(1)(c), ITAT confirmed deletion of penalty where assessee incorrectly claimed deduction under Section 80IB instead of 80JJA. Following Reliance Petro Products precedent, tribunal held that mere unsustainable legal claim doesn't constitute furnishing inaccurate particulars when all necessary details were disclosed and corrected during assessment proceedings. Revenue's appeal dismissed. en-us Thu, 27 Jun 2019 00:00:00 +0530 Sat, 10 May 2025 11:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382323 ITAT Indore upheld CIT(A)'s decision allowing assessee's claim for AMT tax credit set-off under Section 115JD for assessment years 2014-15 and 2015-16. The tribunal found CIT(A) correctly examined provisions of Sections 115JC and 115JD. Regarding penalty under Section 271(1)(c), ITAT confirmed deletion of penalty where assessee incorrectly claimed deduction under Section 80IB instead of 80JJA. Following Reliance Petro Products precedent, tribunal held that mere unsustainable legal claim doesn't constitute furnishing inaccurate particulars when all necessary details were disclosed and corrected during assessment proceedings. Revenue's appeal dismissed. Case-Laws Income Tax Thu, 27 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382323