Counsel argues no penalty for not filing Form 10CCB; claims sections 80IC and 80I deductions due to audited accounts.

Deduction u/s 80IC - the counsel for the assessee was of the bonafide belief that along with the claim of 80IC and 80I deduction, the Form 10CCB was not required since the accounts of the assessee are audited as per the statute. The assessee cannot be penalized for the bonafide mistake of the counsel - AT .....

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