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2010 (4) TMI 750 - AT - Income TaxPenalty - The long-term capital loss was adjusted against short-term capital gain of Rs. 17,33,475 earned by the assessee - whether the assessee has concealed any facts with regard to her income or furnished inaccurate particulars about any part of her income - The assessee could be under bona fide belief that one can be set off against the other in the same year - The assessee could be under bona fide belief that one can be set off against the other in the same year - In absence of proving falsity in the details regarding computation of income, we are of the view that she cannot be charged with the penalty - Appeal is allowed
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