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TMI Blog2018 (7) TMI 1960X X X X Extracts X X X X X X X X Extracts X X X X ..... show that the assessee lodged bogus claims in respect of these expenses. That apart, the expenses were claimed by the assessee in a bona fide manner. The mere fact that the above disallowances have been made do not bring a case within the parameters set out in section 271(1)(c) Hon ble Supreme Court in CIT vs. Reliance PetroProducts Private Ltd. [ 2010 (3) TMI 80 - SUPREME COURT] has held that ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... alty of ₹ 1,28,300/- imposed by the Assessing Officer under section 271(1)(c) of the Income-tax Act, 1961 (hereinafter referred to as the Act) in relation to the A.Y. 2013-14. 2. Briefly stated the facts of the case are that the assessee filed return declaring total income of ₹ 22,66,770/-. The Assessing Officer made addition of ₹ 3,01,220/- under section 14A of the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... parameters set out in section 271(1)(c) of the Act. The Hon ble Supreme Court in CIT vs. Reliance PetroProducts Private Ltd.(2010) 322 ITR 158 (SC) has held that a mere making of a claim which is not sustainable in law, by itself will not attract penalty 271(1)(c) of the Income-tax Act, when the assessee furnishes all the relevant particulars in his return which are not found to be inaccurate. Th ..... X X X X Extracts X X X X X X X X Extracts X X X X
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