Making wrong claim is not concealment or furnishing of inaccurate information

Making a wrong claim is not at par with concealment or giving of inaccurate information, which may call for levy of penalty under section 271(1)(c)

ITAT, BENCH `C’, MUMBAI,

ITO Vs. Parikh Investment & Development P. Ltd.,

ITA No. 4760/Mum/2009 ,

May 7, 2010

_______ORDER_______

Per D.K. AGARWAL (JM).

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