Penalty u/s 271(1)(c) not leviable as addition made on account of difference of opinion

Rajesh Kumar Agarwal Vs DCIT (ITAT Jaipur) ITAT Jaipur held that penalty u/s 271(1)(c) of the Income Tax Act not leviable as addition made on account of meager amount and on account of difference of opinion only. Facts- The assessment of the assessee was completed on 11.11.2019 determining total income at Rs. 20,61,940/- [the assessee has increased the returned income on account of STCG of Rs. 1,56,298/-] by making addition of Rs. 21,300/- being the amount of income received from sale of penny stock. As the additions were made penalty proceedings u/s. 271(1)(c) of the Act for furnishing inaccu...