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2012 (3) TMI 115 - AT - Income TaxPenalty Proceedings - Deductions claimed under 80IA - Windmill leased and used in generating Electricity - AO treated as transfer from associated enterprise - Tribunal set aside order of CIT, penalty proceedings initiated - Held That:- When case is accepted by Hon'ble High Court show that there was substance in the claim of the assessee. In view of Reliance Petroproducts Pvt. Ltd.(2010 - TMI - 75701 - SUPREME COURT), Penalty unjustified.
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