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2019 (6) TMI 434

..... clearly state as to which particulars are not being filed accurately. Form 26AS is the document issued by the Revenue and in the said document the interest portion has been shown as ‘not applicable’. If the department itself has not given a proper quantification, it will not be appropriate on part of the Revenue to take a plea that the assessee filed inaccurate particulars of income. I .....

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..... 9;CIT (Appeals)) is bad in law and wrong on facts and must be quashed. 2. That on the facts and in the circumstances of the case, the learned CIT (Appeals) has erred in confirming the penalty u/s 271(1)(c) of the Income Tax Act, 1961 in respect of interest on income tax refunds not received by the appellant. 3. That on the facts of the case, the learned CIT (Appeals) has erred in stating in Para-4 .....

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..... ng inaccurate particulars of income were also initiated by the Assessing Officer and penalty notice was issued on 09.01.2015. The Assessing Officer u/s 271(1)(c) has imposed penalty of ₹ 3,53,210/- in respect of furnishing of inaccurate particulars of income to the extent of ₹ 9,56,835/- which was relating to interest received on income tax refund but not offered for tax. 4. Being aggr .....

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..... inaccurate particulars of income filed by assessee. The Revenue has to clearly state as to which particulars are not being filed accurately. Form 26AS is the document issued by the Revenue and in the said document the interest portion has been shown as not applicable . If the department itself has not given a proper quantification, it will not be appropriate on part of the Revenue to take a plea t .....

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