Penalty u/s 271(1)(c) - During the course of reassessment proceedings when the assessee came to known...

Penalty u/s 271(1)(c) - During the course of reassessment proceedings when the assessee came to known that the exemption was claimed incorrectly the assessee himself withdrew the claim and paid due taxes along with interest amount - concealment of income is quite different from furnishing of inaccurate particulars of income. - No penalty - AT .....

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