Court Rules Penalty u/s 271C Requires Deliberate Misrepresentation, Not Just an Erroneous Deduction Claim in Tax Returns.

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....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....