https://www.taxtmi.com/caselaws?id=792205 A mere disallowance of interest deduction claimed under section 36(1)(iii) does not, by itself, establish concealment of income or furnishing of inaccurate particulars for penalty under section 271(1)(c). The Tribunal applied the settled principle that confirmation of the quantum addition is not enough without material showing a false claim or deliberate suppression. Penalty was therefore held not leviable on the disallowance, and the matter was decided in favour of the assessee. en-us Tue, 19 May 2026 00:00:00 +0530 Mon, 25 May 2026 08:14:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792205 A mere disallowance of interest deduction claimed under section 36(1)(iii) does not, by itself, establish concealment of income or furnishing of inaccurate particulars for penalty under section 271(1)(c). The Tribunal applied the settled principle that confirmation of the quantum addition is not enough without material showing a false claim or deliberate suppression. Penalty was therefore held not leviable on the disallowance, and the matter was decided in favour of the assessee. Case-Laws Income Tax Tue, 19 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792205