1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL (L) NO.699 OF 2009 AND INCOME TAX APPEAL (L) NO.700 OF 2009 AND INCOME TAX APPEAL (L) NO.701 OF 2009 AND INCOME TAX APPEAL (L) NO.702 OF 2009 AND INCOME TAX APPEAL (L) NO.704 OF 2009 The Commissioner of Income Tax ..Appellant. V/s. M/s. Airlines Financial Support ..Respondent. Mr. Vimal Gupta for appellant. Ms. Suvarna Shendkar for respondent. CORAM : V.C.DAGA AND J.P.DEVADHAR, JJ. DATED : 20TH JULY, 2009. P.C. :- 1. Heard learned counsel for the revenue. Office objections are overruled. Registry is directed to register the appeals. 2. Appeals are taken up for hearing at the instance of learned counsel appearing for the revenue. The Tribunal has recorded a finding of fact reading as under:- " If in the case of an assessee making a bona fide claim is held liable to penalty under section 271(1)(c) it would be difficult for the taxpayers to make bona fide claims of deductions or exemptions. It is well settled principle of law that whether the assessee is guilty of furnishing of 2 inaccurate particulars of income or concealment of income depends on the facts and circumstances of each case. Taking the totality of facts and circumstances of this case into consideration, we are of the considered view that it is not a fit case for imposition of penalty under section 27(10)(c). The CIT(A), in our view, was justified in cancelling the penalty under section 271(1)(c) for all the assessment years involved. Finding no merit in these appeals of the Revenue we dismiss the same. " 2. The aforesaid findings of fact is the possible view taken by the Tribunal which cannot be faulted. Even for the earlier years, the same view has been taken by the Tribunal. In this view of the matter, no substantial question of law arise in the above appeals. All the appeals are dismissed in limini with no order as to costs. (J.P.DEVADHAR, J.) (V.C.DAGA, J.)