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Assessee Accused of Inflating Profits for Section 80IC Deductions; AO Fails to Prove Manipulation, No Income Additions Made.
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....Deduction u/s 80IC - The allegation of the AO is that assessee has shown the higher profit in the books of accounts to claim the excess deduction u/s 80IC - AO failed to demonstrate that how the assessee has inflated its profit and correspondingly inflated its assets or deflated its liabilities - No additions.....