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2012 (7) TMI 664 - DELHI HIGH COURT
Penalty levied u/s 271(1)(c)- Held that:- The provision made for advance tax debited in the P&L account not added back to income is bonafide mistake - It is the first time that provision was debited in P&L account. Had there been any intention to file inaccurate particulars then the assessee could not have paid the advance tax in the last month of assessment year - the assessee had made a claim for deduction of the provision for the first time in the year under appeal as there was no history of furnishing such accurate particulars by the assessee for the previous years - in favour of assessee.