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2010 (7) TMI 1082 - AT - Income TaxExtract: .......ticulars of income. In our opinion, there is no justification to support the penalty order passed by the A.O u/s 271(1)(c) of the Act levying penalty upon the assessee. Accordingly, the penalty order is cancelled and the penalty is deleted. 5 In the result, the appeal filed by the assessee is allowed. Order pronounced on the 30th, day of July 2010.
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