2010 (10) TMI 96

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....- from long term capital gain. She filed revised return surrendering the aforesaid claim of long term capital gain on shares to be assessed at the normal rate of tax with the prayer that no penalty proceeding be taken under Section 271 (1) (c) of the Income Tax Act, 1961 (the Act).   2. The revised return was accepted and she was assessed to tax at the normal rate of tax on the surrendered....