Mere non acceptance of Assessees Legal Claim will not amount to furnishing of inaccurate particulars of income

Merely because assessee has made some legal claim which has not been accepted by A.O. that will not amount to furnishing of inaccurate particulars of income  ITAT, MUMBAI BENCH `E’ MUMBAI, Strides Arcolab Ltd. Vs. ACIT, APPEAL NO: ITA NO. 6233/Mum/2009, DECIDED ON June 30, 2010 ORDER PER R S PADVEKAR: In this appeal, the assessee has challenged the impugned order of the ld CIT(A) for assessment year –22, Mumbai dated 6.11.2009 in which the penalty levied by the A.O. u/s 271(1)(c ) for the A.Y. 2000-01 has been confirmed. 2 The assessee has taken the following effectiv...