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2014 (1) TMI 79 - ITAT MUMBAIPenalty u/s 271(1)(c) - Held that:- Following Ekta Sankalp Developers V/s Addl. CIT [2014 (1) TMI 103 - ITAT MUMBAI] - Deduction shall be allowed to the assessee u/s 80IB(10) on pro-rata basis for the flats having built up area less than 1000 sq. ft - The disallowance made by department was not justified and does not qualify as a basis for levying penalty u/s 271(1)(c) - Decided against Revenue.
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