2018 (1) TMI 1384

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....come Tax Appellate Tribunal (ITAT) confirmed by CIT(A) order. The Assessing Officer (AO) has imposed penalty on the ground that the assessee had filed inaccurate particulars under Section 271(1)(c) of the Income Tax Act, 1961 ('the Act'). The finding rendered was that the payment made under the VRS scheme could have been deducted only to the extent of 20% under Section 35DDA of the Act. The CIT (A....