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2013 (5) TMI 440 - ITAT MUMBAILevy of penalty u/s 271(1)(c) - CIT(A) deleted the levy - deletion of addition of advance from customers by CIT(A) - Held that:- There is no dispute on the fact that the said advances are subsequently repaid. From the order of the CIT (A), we have noticed that, during the proceedings before the first appellate authority, CIT (A) has rightly deleted the addition made by AO after carefully perusing and considering the submissions made by the assessee. Therefore no infirmity from the order of the CIT (A) and the same does not call for any interference. Accordingly, the ground raised by the Revenue is dismissed.
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