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2013 (12) TMI 365 - ALLAHABAD HIGH COURTPenalty u/s 271(1)(c) - Held that:- The Commissioner of Income Tax has applied his mind to the facts of the case and granted substantial relief to the petitioner - It is not a case of any financial hardship to the petitioner and this Court should not interfere in the present matter in exercise of its jurisdiction - The Court cannot express any opinion on the merits of the case - The Commissioner of Income Tax Appeal has considered the facts of the case objectively and has granted the relief staying 70% of the total demand - If the petitioner deposits the first installment within a week from today, the appeal shall be heard and decided within one month thereafter, and till the disposal of the appeal the recovery of balance amount shall remain stayed - Partly allowed in favour of assessee.
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