Penalty Imposed for Unsustainable Claims u/s 271(1)(c); No Room for Debatable Claims with Multiple Views.

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....Levying penalty u/s. 271(1)(c) - A return is not only an ordinary documentary. Assessees have to verify the returns and declare that details furnished are true. Therefore,when an totally unsustainable claim is made it cannot be considered a debatable claim about which two views were possible - levy of penalty confirmed - AT....