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2011 (10) TMI 522 - AT - Income TaxExtract: ....... as to levy concealment penalty. In the result, following the decision of the hon ble Supreme Court decision in the case of CIT v. Reliance Petroproducts P. Ltd. reported at 2010 322 ITR 158 (SC), we hereby hold that the impugned penalty was wrongly levied. We hereby direct to delete the penalty. In the result, the assessee s appeal stands allowed.
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