Mere Disallowance’ of an Expense Does Not Warrant a Penalty for Filing

Mere disallowance’ of an Expense does not warrant a Penalty for filing
inaccurate particulars of Income: ITAT

The Income Tax Appellate Tribunal (ITAT), Delhi Bench ruled that “Mere
disallowance” of an expense does not warrant a penalty for filing
inaccurate particulars of income.

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