#section 271(1)(c)
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No penalty if wrong claim is due to mistake/ wrong advice of CA
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No penalty for concealment of Income on additions based on estimation of income
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Penalty for concealment of Income cannot be imposed if assessees explanation found bonafide
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Penalty cannot be imposed for addition made in respect of Bona fide claims
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Mere Rejection of quantum appeal not valid ground for imposition of penalty for concealment
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Imposition of penalty based on estimation of income not justified
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Penalty shall not be imposed if income not offered to tax due to unintentional mistake
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Penalty not imposable for bonafide claims which gets disallowed
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Concealment penalty not justified if AO fails to prove that assessee furnished inaccurate particulars of income
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Penalty not justified on income, taxability of which was debatable
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Every instance of addition does not ipso facto led to a conclusion that assessee is guilty of concealment
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Penalty imposed on Assessee based on his own admission cannot be deleted on the basis of a plea which is merely an afterthought
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S. 271(1)(c) Admission of quantum appeal by HC shows that issue is debatable
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