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2008 (2) TMI 330 - HC - Income TaxAcquisition on land by the State Government – allegation that assessee has concealed the particulars of his income regarding enhanced compensation and interest on enhanced compensation – AO made addition u/s 45(5) on account of enhanced compensation received & levied penalty u/s 271(1)(C) - view of assessee regarding non taxability of enhanced compensation was bona fide – hence ITAT was right in conforming additions but deleting penalty – revenue appeal dismissed
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