No concealment penalty just because claim of deduction of bad debts was found inadmissible

INCOME-TAX-I: Where assessee filed its return claiming deduction of bad debts under section 36(1)(vii) and submitted entire factual matrix in support of said claim, mere fact that revenue authorities found said claim inadmissible, it did not amount to furnishing of inaccurate particulars of income and, thus, impugned penalty order passed under section 271(1)(c) for raising such a claim, was to be set aside

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