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2011 (4) TMI 1341 - AT - Income TaxExtract: ....... light of the details that it had furnished, it cannot be said that the assessee has furnished inaccurate particulars of income. So the question of levying of penalty u/s 271(1)(c does not arise. The learned CIT(Appeals) has correctly cancelled the penalty and we decline to interfere. The appeal is dismissed. Pronounced in Open Court on 29.04.2011.
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