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2018 (3) TMI 535 - HC - Income TaxPenalty u/s 271(1)(c) - addition on account of bad debts - Held that:- We set aside the impugned order of the Tribunal dated 2nd September, 2014 and restore the issue to the Tribunal for fresh consideration keeping in view the decision of our Court in M/s. Shree Gopal Housing & Plantation Corporation (2018 (2) TMI 604 - BOMBAY HIGH COURT) and also considering the respondent-assessee's submission that no penalty is imposable under Section 271(1)(c) of the Act as no inaccurate particulars of income had been filed by the respondent in the present case.
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