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2011 (10) TMI 612 - AT - Income TaxExtract: .......We have also held that in case of journal entry, while considering the levy of penalty under section 271E that there is no case for levy of penalty. In view of this, and following the precedents, we direct the AO to delete the penalty levied under section 271D. 10. In the result, appeal is allowed. Pronounced in the open court on 25th October, 2011
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