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2016 (4) TMI 1056 - AT - Income TaxLevy of penalty u/s.271(1)(c) - Held that:- The assessee has wrongly computed the deduction u/s.80-IA of the Act by showing the wrong depreciation. Had the Assessing Officer not verified it, it would have gone out of the taxation. Being so, in the present case in hand also there is furnishing of inaccurate particulars of income.Accordingly, we are inclined to confirm the levy of u/s.271(1)(c) of the Act. - Decided against assessee.
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