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2013 (8) TMI 990 - AT - Income TaxLevy of penalty under Section 271(1)(c) - Held that:- No definite finding of fact or any contrary material has been brought on record to prove that the assessee has filed inaccurate particulars of income. In the absence any detailed discussion, any material on record, we are of the view that levy of penalty under Section 271(1)(c) of the Act in the facts and circumstances of the case at estimate of income, would not be warranted. - Decided in favour of assessee
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