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2007 (6) TMI 163 - HC - Income TaxAssessee debited equal amount of diminution in the value of shares in the P/L account claiming it revenue loss - since the issue whether it is a business loss or not has been decided against assessee, it cannot be concluded that the assessee had filed inaccurate particulars of income, because assessee had duly disclosed the same in the audit statements filed before AO - disclosed writing off of investments in audit statements for both the A.Y.s so, penalty u/s 271(1) (c) is not justified
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