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2015 (10) TMI 2708 - AT - Income TaxPenalty under section 271(1)(c) - addition on account of service tax liability - Held that:- Addition on the basis of which penalty was imposed under section 271(1)(c) of the Act, has been deleted by the Tribunal while deciding assessee’s quantum appeal [2014 (6) TMI 1006 - ITAT MUMBAI], the very basis for imposition of penalty no more survives. Therefore, we have no hesitation in deleting the penalty imposed under section 271(1)(c) of the Act. - Decided in favour of assessee.
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