Penalty u/s 271(1)(c) Not Justified by Mere Disallowance of Expenditure; Inaccuracies Must Be Clearly Established.

Penalty u/s 271(1)(c) Not Justified by Mere Disallowance of Expenditure; Inaccuracies Must Be Clearly Established. https://www.taxtmi.com/highlights?id=56702 Penalty u/s 271(1)(c) - such provision of services and it subsequent revision may result in disallowance of the expenditure but certainly it cannot lead to levy of penalty u/s 271 (1) (C) of the income tax act for furnishing of inaccurate particulars of income - AT en-us Fri, 12 Feb 2021 14:49:03 +0530 Fri, 12 Feb 2021 14:49:03 +0530 TaxTMI RSS Generator Penalty u/s 271(1)(c) Not Justified by Mere Disallowance of Expenditure; Inaccuracies Must Be Clearly Established. https://www.taxtmi.com/highlights?id=56702 Penalty u/s 271(1)(c) - such provision of services and it subsequent revision may result in disallowance of the expenditure but certainly it cannot lead to levy of penalty u/s 271 (1) (C) of the income tax act for furnishing of inaccurate particulars of income - AT Highlights Income Tax Fri, 12 Feb 2021 14:49:03 +0530 https://www.taxtmi.com/highlights?id=56702