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2011 (11) TMI 744 - AT - Income TaxExtract: .......the case of Brahmaputra Consortium Ltd. (supra). Since, the claim of the assessee for deduction is not mala fide, it is held that the penalty u/s 271(1)(c) is not imposable. We accordingly cancel the penalty imposed u/s 271(1)(c) of the Act. 9. In the result, the appeal filed by the assessee is allowed. Order pronounced in open court on 18.11.2011.
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