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2014 (11) TMI 1035 - AT - Income TaxPenalty u/s 271(1)(c) - furnishing inaccurate particulars of income in respect of deduction claimed u/s 10B - CIT(A) deleted penalty - Held that:- This is a fact that the Tribunal has set aside the disallowance made by the AO in respect of which penalty u/s 271(1)(c) was levied and has allowed the claim of the Assessee u/s 10B. In view this fact, we do not find any illegality or infirmity in the order of CIT(A). We accordingly confirm the order of CIT(A) deleting the penalty levied u/s 271(1)(c). - Decided in favour of assessee
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