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The Gujarat High Court dismissed the appeal regarding the penalty under Section 271(1)(c) of the Income Tax Act, 1961 when the returned income is a loss before the amendment in 2002. The appeal was rejected at the admission stage.
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The Gujarat High Court dismissed the appeal regarding the penalty under Section 271(1)(c) of the Income Tax Act, 1961 when the returned income is a loss before the amendment in 2002. The appeal was rejected at the admission stage.
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