Taxpayer Avoids Penalty u/s 271(1)(c) After Revising Return for Excess Deduction Claim on House Property.

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....Penalty u/s 271(1)(c) - claim of entire interest as deduction u/s 24 under the head income from house property - assessee had filed the revised return of income by paying the balance due tax on the amount excessive claimed against the restriction of deduction to the extent of ₹ 1.50 lacs - No penalty - AT....