Section 271(1)(c) of the Income Tax Act, 1961 — Penalty — Concealment Penalty — A mere claim by the assessee would not amount to furnishing of inaccurate particulars and all the purchases and sales of shares have been  clearly shown in the income and expenditure account and there was no inaccurate particulars furnished by the assessee. In the proceedings under section 271(1)(c) the onus is on the AO to prove which facts or records submitted by the assessee are false or incorrect and that the assessee had furnished inaccurate particulars or concealed its income — Deputy Commissioner of income tax vs. Smt. Sheila Ahmad [2019] 74 ITR (trib) 523 (Lucknow)