Incorrect claim would not tantamount to furnishing of inaccurate particulars

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) Feasibi

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