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2016 (6) TMI 1207 - ITAT AHMEDABADPenalty u/s. 271(1)(C) - assessee has claimed weighted deduction on purchase of Motor vehicles for employees - Held that:- The claim of deduction was denied which by itself would not justify the levy of penalty u/s. 271(1)(c) of the Act. The facts in issues are identical to the facts considered by the Hon’ble Supreme Court in the case of Reliance Petro Products [2010 (3) TMI 80 - SUPREME COURT ] wherein held a mere making of a claim, which is not sustainable in law, by itself, will not amount to furnishing inaccurate particulars regarding the income of the assessee - Decided in favour of assessee.
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