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2018 (3) TMI 384 - HC - Income TaxPenalty u/s 271(1)(c) levied on income declared in the revised return of income filed u/s. 139(5) - Tribunal deleted the penalty - Held that:- Revised return of income u/s 139(5) was filed by the Assessee on its own and not on account of any detection of inaccurate particulars of income being filed by the Respondent in its original return of income. The finding of fact rendered both by the CIT(A) and the Tribunal that the revised return of income was filed by the Respondent suo motu and not consequent to detection of inaccurate particulars of income by the Assessing Officer, is not shown to be perverse. Admittedly, there is no allegation that the revised return of income filed by the Assessee, contains any inaccurate particulars of income. No substantial question of law. - Decided in favour of assessee.
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