Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2012 (5) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2012 (5) TMI 631 - ITAT MUMBAIPenalty u/s 271(1)(c) - Held that:- In order to expose the assessee to penalty, unless the case is strictly covered by the provisio, the penalty provision cannot be invoked. By no stretch of imagination can making an incorrect claim tantamount to furnishing inaccurate particulars. The Explanation given by the assessee in our opinion is bonafide and can not be held to be false. Thus, we uphold the order of the first appellate authority and dismiss this appeal of the revenue.
|