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2010 (3) TMI 1192 - AT - Income TaxExtract: ....... Learned Commissioner of Income Tax(Appeals) has given cogent reason for cancelling the penalty of ₹ 21,77,060/- levied by the Assessing Officer under section 271(1)(c) of the Income Tax Act. We, therefore, decline to interfere. 7. In the result, the appeal filed by the Revenue is dismissed. The Order was pronounced in the Court on 05.03.2010
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