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2011 (10) TMI 649 - ITAT AHMEDABADPenalty u/s. 271(1)(c) - Addition u/s 80IA - Held that:- Penalty u/s. 271(1)(c) is not sustainable. The penalty in respect of disallowance of deduction u/s.80IA we find that this ground is squarely covered in favour of the assessee by the judgment of Hon’ble apex court in the case of CIT v. Reliance Petroproduct Pvt. Ltd. (2010 (3) TMI 80 - SUPREME COURT ) wherein as held mere making a claim not allowable will not lead to imposition of penalty.
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