Penalty for Inaccurate Filing Canceled: No Purpose Served as Taxpayer Declared Gains in 2000-01 Assessment Year.

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....Cancellation of penalty u/s 271(1)(c) - no prudent purpose could be served for the assessee by filing inaccurate particulars in the current years while the assessee had already offered for tax the capital gains on sale of impugned land in the AY 2000-01 - no penalty - AT....