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2016 (7) TMI 407 - GUJARAT HIGH COURTPenalty levied under Section 271(1) (c) - undervaluation of closing stock and disallowance on account of rejection of deduction u/s. 80I - Held that:- A mere making of the claim, which is not sustainable in law, by itself, will not amount to furnishing inaccurate particulars regarding the income of the assessee. Such claim made in the Return cannot amount to the inaccurate particulars. See Reliance Petroproducts Pvt Ltd [2010 (3) TMI 80 - SUPREME COURT ] - Decided in favour of assessee
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