Mere making an incorrect claim does not tantamount to furnishing inaccurate particulars

Assessee company filed return, which was processed u/s 143(1) of the Act on 3rd March 2011, determining the amount of Rs. 16,89,190/- as payable. The appeal of the assessee was processed u/s 143(1) (a) of the Act strictly calculating the book profit at Rs. 2,02,08,283/-, filed on 15.10.2009. The stand of the assessee was that due to inadvertence wrong hard copy of computation due to cut and copy pest was filed and further the tax amount of Rs. 16,89,190/- was paid on 29th Nov. 2011 i.e. before completion of assessment. The Assessing Officer imposed penalty u/s 271(1)(c) of the Act. We note tha...