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Incorrect claim would not tantamount to furnishing of inaccurate particulars
Case Law Details
- Case Name
- ACIT Vs M/s.Beekman Heiix India Consulting P. Ltd. (ITAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All ITAT, ITAT Delhi
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CA Prarthana Jalan
Hon’ble Delhi ITAT has in the case of ACIT V/S M/s.Beekman Heiix India Consulting P. Ltd.has held that Incorrect claim would not tantamount to furnishing of inaccurate particulars and penalty u/s 271(c ) should not be levied on it.In the assessment framed disallowances on 3 heads i.e
(i) Call option fees of Rs. 53,12,500/- was disallowed in full.
(ii) Feasibility study charages of Rs. 11,93,827/- was treated as mortizable expenses u/s 35D and 4/5th of these were disallowed.
(iii) Disallowance of Rs. 2,13,126/- u/s 14A. Hon’ble CIT(A) had sustained the disallowa...
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