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2003 (12) TMI 577 - ITAT AHMEDABAD
Extract:
.......section 271D is not leviable. Under the facts and circumstances of the case we do not find any justification in the action of the Assessing Officer for levying penalty under section 271D. We therefore set aside the orders of the lower authorities and the penalty of Rs. 10,00,000 is cancelled. 8. In the result, the appeal of the assessee is allowed.