https://www.taxtmi.com/caselaws?id=468170 Penalty under Section 271(1)(c) is not attracted merely because a claim is disallowed under Section 40A(3); the Revenue must show that the return contained incorrect, erroneous, or false particulars. A claim rejected in law, without proof of furnishing inaccurate particulars of income, does not by itself justify penalty. Applying this principle, the appellate authority deleted the penalty linked to the Section 40A(3) disallowance, and that relief was upheld. en-us Thu, 24 Jan 2013 00:00:00 +0530 Mon, 20 Apr 2026 14:51:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468170 Penalty under Section 271(1)(c) is not attracted merely because a claim is disallowed under Section 40A(3); the Revenue must show that the return contained incorrect, erroneous, or false particulars. A claim rejected in law, without proof of furnishing inaccurate particulars of income, does not by itself justify penalty. Applying this principle, the appellate authority deleted the penalty linked to the Section 40A(3) disallowance, and that relief was upheld. Case-Laws Income Tax Thu, 24 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468170