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2013 (2) TMI 49 - HC - Income TaxPenalties u/s 271(1)(c) - deduction claimed u/s 80-IB was ultimately allowed at a lower level - Held that:- Mere making of a claim which is ultimately held not to be sustainable in law, would not amount to furnishing inaccurate particulars regarding the income of an assessee. In the present appeals it is only that the claims of deduction under Section 80IB have been downscaled. This, by itself, would not mean that it is a case of furnishing inaccurate particulars of income. See CIT v. Reliance Petroproducts (P) Ltd [2010 (3) TMI 80 - SUPREME COURT] - in favour of assessee.
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