Erroneous tax claim without evidence of concealment or inaccuracy does not justify penalty imposition.

Erroneous tax claim without evidence of concealment or inaccuracy does not justify penalty imposition. https://www.taxtmi.com/highlights?id=31412 Mere erroneous claim in the absence of any concealment or furnishing of inaccurate particulars is not a ground for levying penalty especially when there is nothing on record to show that assessee has concealed any particulars or furnished any inaccurate particulars - AT en-us Tue, 27 Sep 2016 12:01:27 +0530 Tue, 27 Sep 2016 12:01:27 +0530 TaxTMI RSS Generator Erroneous tax claim without evidence of concealment or inaccuracy does not justify penalty imposition. https://www.taxtmi.com/highlights?id=31412 Mere erroneous claim in the absence of any concealment or furnishing of inaccurate particulars is not a ground for levying penalty especially when there is nothing on record to show that assessee has concealed any particulars or furnished any inaccurate particulars - AT Highlights Income Tax Tue, 27 Sep 2016 12:01:27 +0530 https://www.taxtmi.com/highlights?id=31412