SECTION 271(1)(c):

The Delhi ITAT has held that CA's opinion does not necessarily make claim "bona fide" and penalty can be levied u/s 271(1)(c)
The Hyderabad ITAT has held that despite Surrender After Detection, Penalty Can be Waived u/s 271 (1) (c)
The Delhi ITAT has held that Long-term & short- term gains from PMS transactions are taxable as business profits.
The Bangalore ITAT has held that gains arising from "business assets" (fixed assets used for business) are not eligible for set-off against brought forward business loss u/s 72.
The Gujarat High Court has held that deduction u/s 80-IB (10) for "Housing Project" is eligible even if Developer is not "owner" of land.

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