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2010 (5) TMI 658 - HC - Income TaxPenalty under section 271(1)(c) of the Act – assessee wrongly claimed deduction under section 80-IA - Prior to issue of said notice, assessee had already filed a revised return of income under section 139(5) wherein no claim under section 80-IA was made – Held that:- assessee had bona fide made a claim for deduction under section 80-IA of the Act, which came to be rectified by filing a revised return withdrawing the claim and that as such there was no concealment or furnishing of inaccurate particulars of income on the part of the assessee – In favor of assessee.
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