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2017 (3) TMI 1338 - ALLAHABAD HIGH COURTPenalty u/s 271(1)(c) - Held that:- Claim made by Assessee which was not accepted by AO, that itself would not attract penalty under Section 271(1)(c) and if such an interpretation as forwarded by Revenue is accepted, whenever return filed by Assessee is not accepted, in all such cases Assessee would be liable for penalty under Section 271(1)(c) and that would render specific requirement of Section 271(1)(c) redundant, hence such an interpretation cannot be accepted. - Decided in favour of assessee.
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