2019 (5) TMI 1163

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..... another bench of this Court in Pr. CIT VERSUS M/S ELURU CO-OPERATIVE HOUSE MORTGAGE SOCIETY LIMITED [ 2018 (3) TMI 1765 - TELANGANA AND ANDHRA PRADESH HIGH COURT] stating that the mere fact that the respondent/assessee made a claim, even if found to be unjustified, would not amount to it furnishing any inaccurate particulars regarding its income, whereby a penalty can be levied u/s 271(1)(c) . Th .....

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..... the concealment /furnishing of inaccurate particulars by the respondent-assessee while making the claim under Section 80P of the Income Tax Act 1961, when the said claim was incorrect and disallowed by the Assessing Officer and upheld by the Hon ble Tribunal (ITAT)? 2. In the facts and circumstances of the case, whether the Hon ble Tribunal (ITAT) is justified in annulling the .....

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