A wrong claim does not amount to furnishing of inaccurate particulars. It can only be described as a human error to which we are all prone to make and cannot be considered to be guilty of either furnishing inaccurate particulars or attempting to conceal the income. ITA No. 3340/Mum/2016, Dt.23/03/2018, (A.Y. 2008-09)
Shri Jagat Lodha v. ACIT (Mum) (Trib.)
S. 271(1)(c) : Penalty – Concealment – Mistake of Tax Practitioner – Human error – Reasonable cause – Penalty deleted.