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2012 (1) TMI 282 - AT - Income TaxExtract: .......153A of the Act. When there is no such finding in respect of return filed by the assessee in response to notice u/s. 153A we find that penalty u/s. 271(1)(c) cannot be levied. We therefore, cancel the penalty of ₹ 78,750/- levied u/s./ 271(1)(c). 5. In the result appeal of the assessee is allowed. Order pronounced in Open Court on 13.01.2012.
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