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2016 (7) TMI 452 - ITAT CHANDIGARH
Levy of penalty under section 271(1)(c) - bogus claim of exemption of income under section 80P - Held that:- Since the assessee made bogus claim of exemption of income under section 80P of the Act in the return of income, therefore, assessee furnished inaccurate particulars of income so as to levy the penalty under section 271(1)(c) of the Act. - Decided against assessee.