Revised return with same info is furnishing of inaccurate particulars

Brief of the case:

The ITAT Chennai in the case of DCIT vs. M/s. Rattha Citadines held that relying on the same information as available on the date of filing original return of income in filling revised return but making a different claim , in the absence of assessee’s bonafide expenditure would be deemed as furnishing of inaccurate particulars of income making assessee liable to face penalty u/s 271(1)(c).

Facts of the case:

Please become a Premium member. If you are already a Premium member, login here to access the full content.