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2012 (11) TMI 677 - JHARKHAND HIGH COURTPenalty u/s 271(1)(c) - Assessee was in distressed and filed inaccurate particulars of Income - held that:- Assessee has claimed the expenditure of amount of liability of the interest accrued which, in fact, was found that he did not pay within the financial year. However, for that purpose the assessee was not asked to furnish explanation etc. was the reason given by the Tribunal - Tribunal committed no mistake in allowing the appeal of the assessee and in fact in this appeal no question of law is involved and question of law as framed is because of misreading of the order passed by the Tribunal wherein only contention of the assessee's representative has been recorded with respect to the distressful state of mind of the assessee - provision providing for penalty upon mere giving wrong particulars and this fact is not an admitted fact - no force in the submission of Revenue to accept the mechanical reading of the said Section only which is in isolation to the facts of the case, therefore, this Tax Appeal is dismissed.
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