https://www.taxtmi.com/caselaws?id=382684 The ITAT Chennai condoned the filing delay after accepting the assessee's explanation of serious illness and cancer treatment as sufficient cause. On penalty under section 271(1)(c) of the Income-tax Act, the Tribunal held that mere disallowance of a claim does not, by itself, establish concealment or furnishing of inaccurate particulars. Because the housing rent allowance claim lacked supporting particulars and the other addition had been accepted by the assessee, the material did not justify penalty. The penalty was deleted, and the appeal succeeded on both delay and merits. en-us Tue, 25 Jun 2019 00:00:00 +0530 Tue, 15 Oct 2019 16:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382684 The ITAT Chennai condoned the filing delay after accepting the assessee's explanation of serious illness and cancer treatment as sufficient cause. On penalty under section 271(1)(c) of the Income-tax Act, the Tribunal held that mere disallowance of a claim does not, by itself, establish concealment or furnishing of inaccurate particulars. Because the housing rent allowance claim lacked supporting particulars and the other addition had been accepted by the assessee, the material did not justify penalty. The penalty was deleted, and the appeal succeeded on both delay and merits. Case-Laws Income Tax Tue, 25 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382684