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1986 (3) TMI 335 - AT - Income TaxExtract: .......der the Explanation nor under the main provision the assessee could be said to have furnished inaccurate particulars of income within the meaning of s. 271(1)(c) of the Act. We, therefore, hold that levy of penalty in light of the above facts was not at all justified. We accordingly quash the orders of the authorities below and allowed this appeal.
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