Penalty u/s 271(1)(c) - disallowance of the deduction u/s 80IA - the computation of the cost of steam...

Penalty u/s 271(1)(c) - disallowance of the deduction u/s 80IA - the computation of the cost of steam was a highly technical and complicated issue and further, the said exercise had been undertaken while passing the consequential order and also during the proceedings u/s 154. In such circumstances, we do not agree with the AO that there is any suppression of income or furnishing of incorrect information. - AT .....

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