2018 (7) TMI 1960

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....V.P.: This appeal by the assessee is directed against the order passed by the CIT(A) on 25.9.2017 upholding the penalty of Rs. 1,28,300/- imposed by the Assessing Officer under section 271(1)(c) of the Income-tax Act, 1961 (hereinafter referred to as the Act) in relation to the A.Y. 2013-14. 2. Briefly stated the facts of the case are that the assessee filed return declaring total income of ....

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....at the above disallowances have been made do not bring a case within the parameters set out in section 271(1)(c) of the Act. The Hon'ble Supreme Court in CIT vs. Reliance PetroProducts Private Ltd.(2010) 322 ITR 158 (SC) has held that a mere making of a claim which is not sustainable in law, by itself will not attract penalty 271(1)(c) of the Income-tax Act, when the assessee furnishes all the rel....