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of ITAT held that disallowance under section 35(2AB) does not automatically constitute under-reporting of income. The assessee fully disclosed all relevant facts in the ITR, and no evidence demonstrated intentional suppression or false claims. The tribunal found no inaccurate particulars were furnished, and a mere unsustainable legal claim does not equate to under-reporting. The penalty under section 270A was not leviable, particularly since the Form 3CL was issued post-ITR filing. The tribunal emphasized that without strict proof of intentional concealment or inaccuracy, penalty provisions cannot be invoked. The decision was rendered in favor of the assessee, negating the penalty imposition.
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