https://www.taxtmi.com/caselaws?id=393073 The Tribunal upheld the penalty imposed under section 271(1)(c) of the Income-tax Act, 1961, for furnishing inaccurate income particulars. The disallowance under sections 14A, 94(7), prepaid expenses, and excess expenses claimed were also upheld due to errors identified by the Assessing Officer. The Tribunal emphasized that correcting errors only after identification does not absolve from penalties. The appeal was dismissed, confirming the penalty order based on precedents from the Delhi High Court and the Supreme Court. en-us Thu, 27 Feb 2020 00:00:00 +0530 Thu, 05 Mar 2020 13:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393073 The Tribunal upheld the penalty imposed under section 271(1)(c) of the Income-tax Act, 1961, for furnishing inaccurate income particulars. The disallowance under sections 14A, 94(7), prepaid expenses, and excess expenses claimed were also upheld due to errors identified by the Assessing Officer. The Tribunal emphasized that correcting errors only after identification does not absolve from penalties. The appeal was dismissed, confirming the penalty order based on precedents from the Delhi High Court and the Supreme Court. Case-Laws Income Tax Thu, 27 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393073