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2016 (9) TMI 906 - ITAT AHMEDABADPenalty u/s.271(1)(c) - denial of claim of deduction u/s.80IB and u/s.80HHC & 80IA - Held that:- There is nothing on record to demonstrate that assessee had filed inaccurate particulars of income or had concealed the particulars of income. We also get support from the judgement of the Hon’ble Supreme Court in the case of CIT vs. Reliance Petroproducts Pvt.Ltd. reported at (2010 (3) TMI 80 - SUPREME COURT ), wherein the Hon’ble Apex Court has held that a mere making of the claim, which is not sustainable in law, by itself, will not amount to furnishing inaccurate particulars regarding the income of the assessee. Such claim made in the return cannot amount to the inaccurate particulars.- Decided in favour of assessee
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