Penalty u/s 271(1)(c) Not Warranted for Genuine but Rejected Taxpayer Claims on Web Hosting Expenses.

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....Penalty u/s 271(1)(c) - expenditure of webhosting and misc. expenditure for website development - when the assessee has come up with bonafide claim, even if it is not accepted, it would not per se tantamount to furnishing inaccurate particulars so as to attract the penalty proceedings u/s 271(1)(c)....