Penalty u/s 271(1)(c) Not Applicable for Disallowed Deductions u/s 43B; No Concealment or Inaccuracy Found.

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....Levy of penalty imposed u/s 271(1)(c) - disallowance of deductions u/s 43B - the same cannot be amounted to concealment of particulars of income or furnishing of inaccurate particulars of such income. - Merely because of the fact that the deductions claimed by the assessee have been disallowed the provisions contained u/s 271(1)(c) are not attracted.....