https://www.taxtmi.com/caselaws?id=180909 Penalty under section 271(1)(c) is not attracted where an expenditure claim is fully disclosed, genuine, and not found to be bogus, even if it is disallowed under section 40(a)(ia) for failure to deduct tax at source. A mere unsustainable claim in law does not amount to concealment of income or furnishing inaccurate particulars when all relevant facts are on record. On these facts, the deletion of penalty was rightly upheld. en-us Thu, 16 May 2013 00:00:00 +0530 Mon, 04 Apr 2016 14:58:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180909 Penalty under section 271(1)(c) is not attracted where an expenditure claim is fully disclosed, genuine, and not found to be bogus, even if it is disallowed under section 40(a)(ia) for failure to deduct tax at source. A mere unsustainable claim in law does not amount to concealment of income or furnishing inaccurate particulars when all relevant facts are on record. On these facts, the deletion of penalty was rightly upheld. Case-Laws Income Tax Thu, 16 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180909