https://www.taxtmi.com/highlights?id=59039 Penalty u/s 271(1)(c) - assessee had sold a plot of land in respect of which deduction u/s 54B claimed - withdrawal of deduction u/s 54B - merely because the assessee had claimed the deduction under section 54B which claim was not accepted or was not acceptable to the revenue, that by itself would not, in our opinion, attract the penalty under section 271(1)(c) of the Act. - AT en-us Wed, 04 Aug 2021 13:36:01 +0530 Wed, 04 Aug 2021 13:36:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=59039 Penalty u/s 271(1)(c) - assessee had sold a plot of land in respect of which deduction u/s 54B claimed - withdrawal of deduction u/s 54B - merely because the assessee had claimed the deduction under section 54B which claim was not accepted or was not acceptable to the revenue, that by itself would not, in our opinion, attract the penalty under section 271(1)(c) of the Act. - AT Highlights Income Tax Wed, 04 Aug 2021 13:36:01 +0530 https://www.taxtmi.com/highlights?id=59039