Mere compliances with requirements for sec. 80-IA relief isn't enough to grant immunity from conceal

IT : Merely because assessee complied with statutory procedural requirement of filing prescribed form and certificate of Chartered Accountant as required for claiming deduction under section 80-IA, it could not be absolved of its liability to pay penalty under section 271(1)(c), if act or attempt in claiming such deduction was not bona fide