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2010 (11) TMI 855 - AT - Income TaxExtract: ....... facts, the assessee established that the failure to return the correct income did not arise from any fraud or any gross or willful neglect on his part and accordingly, we delete the penalty levied by the Assessing Officer and confirmed by CIT(A). 17. In the result, assessee rsquo s appeals are allowed. Order pronounced in Open Court on 30/11/2010.
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