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2012 (5) TMI 704 - ITAT PUNE
Extract:
.......lty levied by the AO is not justified. Accordingly, order of CIT(A) deleting penalty gets strength from an order in quantum that the AO was not justified in levying penalty under the provisions of s. 271(1)(c) of the Act. 20. In the result, the appeal of the assessee is partly allowed while the appeal of the Revenue is dismissed as indicated above.