https://www.taxtmi.com/highlights?id=43329 Penalty u/s 271(1)(c) - concealment or furnishing inaccurate particulars - Where the explanation is not make belief and sham but genuine, the assessee would satisfy the requirement of Explanation 1 to Section 271(1)(c). This test and requirement is satisfied in the present case. en-us Mon, 17 Dec 2018 18:53:37 +0530 Mon, 17 Dec 2018 18:53:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=43329 Penalty u/s 271(1)(c) - concealment or furnishing inaccurate particulars - Where the explanation is not make belief and sham but genuine, the assessee would satisfy the requirement of Explanation 1 to Section 271(1)(c). This test and requirement is satisfied in the present case. Highlights Income Tax Mon, 17 Dec 2018 18:53:37 +0530 https://www.taxtmi.com/highlights?id=43329