No Penalty Imposed: Section 271(1)(c) Not Applicable for Disallowance u/s 14A Due to Correct Income Particulars.

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....Penalty u/s 271(1)(c) - Disallowance u/s 14A - the assessee has not furnished any particulars of income, which are incorrect. The issue remains is merely computation of the disallowance - No penalty.....