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Penalty u/s 271(1)(c) Not Automatic for Lack of Due Care in Asset Loss and Software Expense Claims.

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....Penalty u/s 271(1)(c) – Disallowance on account of loss on assets written off and on software expenses – Absence of due care does not mean that the assessee is guilty of either furnishing of inaccurate particulars or attempting to conceal its income - AT....