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2010 (4) TMI 868 - AT - Income TaxExtract: .......g on this account. Therefore, we are of the view that - (i) the ld. CIT(A) was not right in levying penalty in respect of loss occurring on account of purchase of capital asset and placing security deposit and (ii) he was right in levying penalty in respect of loss occurring on account of tax payment. 7. In the result, the appeal is partly allowed.
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