https://www.taxtmi.com/highlights?id=52745 Penalty u/s 271(1)(c) - disallowance of provisions for doubtful debts - Once the assessee has produced and disclosed all the relevant facts then mere disallowance of claim by the AO on the ground that the same is not allowable as per provisions of the Income Tax would not lead to the conclusion that the assessee has furnished the inaccurate particulars of income or concealed the particulars of income. en-us Fri, 03 Apr 2020 12:51:01 +0530 Fri, 03 Apr 2020 12:51:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=52745 Penalty u/s 271(1)(c) - disallowance of provisions for doubtful debts - Once the assessee has produced and disclosed all the relevant facts then mere disallowance of claim by the AO on the ground that the same is not allowable as per provisions of the Income Tax would not lead to the conclusion that the assessee has furnished the inaccurate particulars of income or concealed the particulars of income. Highlights Income Tax Fri, 03 Apr 2020 12:51:01 +0530 https://www.taxtmi.com/highlights?id=52745