https://www.taxtmi.com/caselaws?id=460935 Claiming exemption under section 11 without the requisite registration under section 12AA for the relevant assessment year rendered the claim untenable, and the filing of nil income on that basis was treated as furnishing inaccurate particulars. The assessee's reliance on bona fide claim authorities was found inapplicable on the facts. Penalty under section 271(1)(c) was therefore held leviable, the first appellate authority's deletion was set aside, and the penalty order of the Assessing Officer was restored. en-us Wed, 04 Jan 2017 00:00:00 +0530 Mon, 03 Mar 2025 18:59:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=460935 Claiming exemption under section 11 without the requisite registration under section 12AA for the relevant assessment year rendered the claim untenable, and the filing of nil income on that basis was treated as furnishing inaccurate particulars. The assessee's reliance on bona fide claim authorities was found inapplicable on the facts. Penalty under section 271(1)(c) was therefore held leviable, the first appellate authority's deletion was set aside, and the penalty order of the Assessing Officer was restored. Case-Laws Income Tax Wed, 04 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=460935