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2008 (2) TMI 55 - HC - Income TaxAmount of enhanced compensation and interest on such enhanced compensation received by the assessee - highly debatable issue – whether impugned amount taxable on receipt basis - bona fide belief on the part of the appellant that this income could not be subjected to tax – held that making of such claim bona fide could not be treated as concealment of its income by the assessee or furnishing of inaccurate particulars of such income hence no penalty under section 271(1)(c) could be imposed
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