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HomeDirect TaxMere Disallowance of Claim Doesn’t Amount to Furnishing Inaccurate Particulars: ITAT Deletes...

Mere Disallowance of Claim Doesn’t Amount to Furnishing Inaccurate Particulars: ITAT Deletes Penalty

Direct Tax

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By Mariya Paliwala
itat

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The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench, has deleted penalty levied under Section 271(1)(c) of the Income-tax Act, reiterating that mere disallowance of a claim—without any finding of concealment or furnishing of inaccurate particulars—cannot justify imposition of penalty. The bench of Dr. B.R.R. Kumar (Vice-President) and Suchitra Kamble (Judicial Member) placed reliance on the…

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Mariya Paliwala
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.

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