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2012 (7) TMI 803 - HC - Income TaxPenalty u/s 271(1)(c) - disallowance of deduction claimed u/s 80HHC - Held that:- As noticed by the Tribunal all the foundational facts which ultimately led to the disallowance were revealed by the assessee in the return no occasion to concealment of income arise here - if the claim of assessee is ultimately found to be legally unacceptable, it does not mean that the assessee has concealed the particulars of its income - in favour of assessee.
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