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2010 (10) TMI 617 - ITAT, BANGALOREPenalty u/s.271(1)(c) - Assessing Officer had made additions/disallowances towards bottling charges, suppression of sales etc - It is a settled proposition of law in matters of penalty that disallowances of expenditure for technical reasons and the consequent additions by itself could not make out a case of concealment against an assessee to justify imposition of penalty u/s.271(1)(c) - there is no case of concealment or furnishing of inaccurate particulars for the purpose of section 271(1)(c) - Penalty is deleted - Appeal is allowed
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