https://www.taxtmi.com/caselaws?id=773533 HC allowed the taxpayer's appeal and set aside imposition of penalty under s.271(1)(c). The court held the deduction claim for a crystallised but unpaid additional bonus was a bona fide, plausible claim rather than a false statement or deliberate concealment of income; the disallowance related to entitlement under s.43B and not mala fide conduct. The Tribunal's finding that particulars were inaccurately furnished was unsustainable, so the statutory ingredients for penalty under s.271(1)(c) were not satisfied. en-us Fri, 20 Jun 2025 00:00:00 +0530 Mon, 08 Sep 2025 15:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773533 HC allowed the taxpayer's appeal and set aside imposition of penalty under s.271(1)(c). The court held the deduction claim for a crystallised but unpaid additional bonus was a bona fide, plausible claim rather than a false statement or deliberate concealment of income; the disallowance related to entitlement under s.43B and not mala fide conduct. The Tribunal's finding that particulars were inaccurately furnished was unsustainable, so the statutory ingredients for penalty under s.271(1)(c) were not satisfied. Case-Laws Income Tax Fri, 20 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773533