Court Rules No Penalty u/s 271(1)(c) Due to Lack of Men's Rea in Deduction Rejection Case.

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....Transfer of plant and machinery to new industrial unit - Rejection of deduction u/s 80IA - Neither there is suppression of fact or misrepresentation of fact by the Assessee - For attracting penalty u/s 271(1)(c) men's rea is necessary - HC....