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2019 (4) TMI 1670 - AT - Income TaxLevy of penalty u/s 271(1)(c) - claim of HRA denied - assessee has claimed HRA deduction from his salary income - HELD THAT:- There is no dispute that the assessee was 1/3rd owner of the house property for which he has paid rent to the other co-owners, It cannot be said that the assessee paid rent with malafide intention to reduce his tax liability. The rent was actually paid to the co-owners and this fact has also not been disputed by the AO. Merely because the claim of the assessee did not find any favour with the AO would not, ipso facto, become a bogus claim. As RELIANCE PETROPRODUCTS PVT. LTD. [2010 (3) TMI 80 - SUPREME COURT] direct the Assessing Officer to delete the penalty so levied u/s 271(1)(c) of the Act. - Decided in favour of assessee.
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