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2012 (5) TMI 863 - AT - Income TaxExtract: .......sed under MAT provisions. Hence penalty u/s 271(1)(c) is not imposable. Accordingly we do not find any infirmity in the order of the CIT(A) deleting the penalty u/s 271(1)(c) with reference to loss under capital gains. 8. In the result, the appeal filed by the Revenue is dismissed. 9. This decision is pronounced in the Open Court on 18th May, 2012.
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