Penalty Not Justified for Disallowed LTCG Deduction Claim u/s 54F; Good Faith Considered in Section 271(1)(c) Case.

Penalty levied u/s 271(1)(c) - deduction of LTCG u/s 54F - The assessee acted in bona fide belief and made the claim is not acceptable due to any reason and was disallowed the same cannot be subject to levy of penalty under section 271(1)(c) . - AT .....

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