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2008 (9) TMI 32 - HC - Income TaxAssessee plea is that they claimed deduction wrongly so it is a bona fide mistake– tribunal accepted revenue’s submission understanding that the assessee had not paid any advance tax on the said amount – since assessee has paid the advance tax, decision of the Tribunal on merits requires re-consideration - insofar as the plea of validity of proceedings u/s 271 (1)(c) are concerned, the revenue’s appeal is allowed inasmuch as sub-section (1B) is introduced with retrospective effect from 1.4.89
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