https://www.taxtmi.com/highlights?id=58373 Levying the penalty u/s.271(1)(c) - Just for making wrong claims made advertently or inadvertently, therefore, penalty cannot be levied u/s.271(1)(c) of the Act and further the Lower Authorities have not given any findings regarding either “concealment of income” or “furnishing of inaccurate particulars of income” by the assessee. We are of the considered view, this is not a fit case for imposing penalty - AT en-us Tue, 15 Jun 2021 12:43:07 +0530 Tue, 15 Jun 2021 12:43:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=58373 Levying the penalty u/s.271(1)(c) - Just for making wrong claims made advertently or inadvertently, therefore, penalty cannot be levied u/s.271(1)(c) of the Act and further the Lower Authorities have not given any findings regarding either “concealment of income” or “furnishing of inaccurate particulars of income” by the assessee. We are of the considered view, this is not a fit case for imposing penalty - AT Highlights Income Tax Tue, 15 Jun 2021 12:43:07 +0530 https://www.taxtmi.com/highlights?id=58373