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2016 (7) TMI 102 - AT - Income TaxPenalty u/s 271(1)(c) - Assessee has claimed the expenses of foreign travelling of both the directors who are husband and wife - Held that:- the assessee has fully disclosed the particulars of claim which in no way can be termed as furnishing of inaccurate particulars and is a debatable point. - Levy of penalty set aside in view of the decision in the case of M/S Vistar Construction Pvt Ltd Vs DCIT [2012 (10) TMI 845 - ITAT, DELHI] - Decided in favour of assessee.
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