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2015 (1) TMI 96 - ITAT MUMBAIPenalty under section 271(1)(c) - assessee had furnished inaccurate particulars of income - deduction under section 35D - Held that:- It is not a case for attraction of the provisions of section 271(1)(c). The assessee has explained that the error committed by it was inadvertent and due to bonafide mistake. We agree with the finding of the Ld. CIT (A) that in such a case the levy of penalty was not justified. We therefore, do not find any infirmity in the order of the Ld. CIT (A) and the same is hereby upheld. - Decided against Revenue.
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