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2006 (9) TMI 347 - AT - Income TaxExtract: .......iculars. Since the assessee has furnished all relevant evidence, we are of the view that it is a fit case where the penalty under section 271(1)(c) cannot be levied for the simple reason that assessee claim was disallowed. We, therefore, set aside the Order of the CIT(A) and delete the penalty. 9. In the result, appeals of the assessee are allowed.
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