https://www.taxtmi.com/highlights?id=46237 Penalty u/s 271(1)(c) - assessee has admitted part disallowance of expenses - admission of expenses could not be construed that the assessee has admitted allegations that he has furnished inaccurate particulars - AO need to demonstrate that the explanation of the expenditure given by the assessee was false - No penalty en-us Thu, 02 May 2019 07:41:36 +0530 Thu, 02 May 2019 07:41:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=46237 Penalty u/s 271(1)(c) - assessee has admitted part disallowance of expenses - admission of expenses could not be construed that the assessee has admitted allegations that he has furnished inaccurate particulars - AO need to demonstrate that the explanation of the expenditure given by the assessee was false - No penalty Highlights Income Tax Thu, 02 May 2019 07:41:36 +0530 https://www.taxtmi.com/highlights?id=46237