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2014 (7) TMI 1180 - AT - Income TaxPenalty under section 271(1)(c) - addition made on account of treatment of sales tax subsidy, disallowance of interest advanced to assessee's concerns - Held that:- The assessee is not exigible to levy of penalty on the treatment of sale tax subsidy as revenue receipt in the hands of the assessee and also on the disallowance made under section 36 (1) (iii) of the Act as we find no merit in holding the assessee to have furnished inaccurate particulars of income in respect of such debatable issue - Decided in favour of assessee
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