Court Rules: Withdrawing Claim u/s 54F Does Not Automatically Mean Taxpayer's Claim Is Baseless.

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....Penalty u/s 271(1)(c) - even the assessee withdrew the claim u/s 54F in respect of two flats out of three, the mere withdrawal of the claim would not turn the bonafide claim of the assessee into the category of wholly untenable and unsustainable claim having no basis - AT....