https://www.taxtmi.com/caselaws?id=35342 The High Court upheld the Tribunal's decision to delete the penalty imposed under Section 271(1)(c) of the Income Tax Act for a false claim under the DEPB scheme. The Court found no legal basis to interfere, emphasizing the honest difference of opinion at the time of filing the return. Consequently, the appeal by the Revenue was dismissed as no substantial question of law arose for consideration. en-us Fri, 29 Jan 2010 00:00:00 +0530 Thu, 18 Feb 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35342 The High Court upheld the Tribunal's decision to delete the penalty imposed under Section 271(1)(c) of the Income Tax Act for a false claim under the DEPB scheme. The Court found no legal basis to interfere, emphasizing the honest difference of opinion at the time of filing the return. Consequently, the appeal by the Revenue was dismissed as no substantial question of law arose for consideration. Case-Laws Income Tax Fri, 29 Jan 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35342