https://www.taxtmi.com/highlights?id=53979 Penalty u/s 271(1)(c) - after learning about the serious irregularities in the activities of the aforesaid institute, acted in a bonafide manner, and in his return filed in compliance to notice issued u/s 148 of the Act, had withdrawn the claim of deduction u/s 35(1)(ii) that was earlier raised by him in the ‘Original’ return of income - there is nothing discernible from record which would conclusively prove to the hilt that the assessee had raised a false claim of deduction. - No penalty. en-us Sat, 11 Jul 2020 11:27:04 +0530 Sat, 11 Jul 2020 11:27:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=53979 Penalty u/s 271(1)(c) - after learning about the serious irregularities in the activities of the aforesaid institute, acted in a bonafide manner, and in his return filed in compliance to notice issued u/s 148 of the Act, had withdrawn the claim of deduction u/s 35(1)(ii) that was earlier raised by him in the ‘Original’ return of income - there is nothing discernible from record which would conclusively prove to the hilt that the assessee had raised a false claim of deduction. - No penalty. Highlights Income Tax Sat, 11 Jul 2020 11:27:04 +0530 https://www.taxtmi.com/highlights?id=53979