https://www.taxtmi.com/highlights?id=59081 Penalty u/s 271C - whether the respondent-assessee had made an incorrect claim for deduction in its E-Return - an erroneous claim simpliciter does not automatically attract a penalty. It is only when an erroneous claim is based on a deliberate misrepresentation of facts or deliberate suppression of relevant material facts, that, a penalty is imposed after the deduction is denied. - HC en-us Fri, 06 Aug 2021 09:13:32 +0530 Fri, 06 Aug 2021 09:13:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=59081 Penalty u/s 271C - whether the respondent-assessee had made an incorrect claim for deduction in its E-Return - an erroneous claim simpliciter does not automatically attract a penalty. It is only when an erroneous claim is based on a deliberate misrepresentation of facts or deliberate suppression of relevant material facts, that, a penalty is imposed after the deduction is denied. - HC Highlights Income Tax Fri, 06 Aug 2021 09:13:32 +0530 https://www.taxtmi.com/highlights?id=59081