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2012 (5) TMI 750 - AT - Income TaxExtract: .......naccurate particulars of income. In view of the totality of the facts and the judicial pronouncements, we are of the considered view that the CIT (A) was not right in confirming the levy of penalty. We accordingly direct the deletion of penalty. 9. In the result, the appeal of the Assessee is allowed. Order pronounced in Open Court on 4 - 5 - 2012.
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