Mere Claim does not constitute Furnishing of Inaccurate Particulars for being Unsustainable: ITAT

The ITAT ruled that simply making an unsustainable tax claim does not automatically mean a taxpayer has furnished inaccurate particulars under the Income Tax Act. The tribunal clarified that a taxpayer may make a claim in good faith, even if it is later found to be unsustainable or incorrect. Therefore, penalties for inaccurate particulars should only apply if there is clear evidence of willful misrepresentation. This decision safeguards taxpayers from penalties for genuine errors in tax filings and promotes fairness in tax enforcement.