https://www.taxtmi.com/highlights?id=46900 Penalty u/s 271(1)(c) - advance written off - business or capital loss - genuineness of loss is not in dispute - in the assessment order there is no mention about furnishing of inaccurate particulars and simply made disallowed - in penalty order AO has not specified which particular furnished by the assessee was incorrect, erroneous or false - no penalty en-us Sat, 01 Jun 2019 07:56:00 +0530 Sat, 01 Jun 2019 07:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=46900 Penalty u/s 271(1)(c) - advance written off - business or capital loss - genuineness of loss is not in dispute - in the assessment order there is no mention about furnishing of inaccurate particulars and simply made disallowed - in penalty order AO has not specified which particular furnished by the assessee was incorrect, erroneous or false - no penalty Highlights Income Tax Sat, 01 Jun 2019 07:56:00 +0530 https://www.taxtmi.com/highlights?id=46900