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2014 (1) TMI 1261 - AT - Income TaxCancellation of Penalty u/s 271(1)(c) of the Act – Held that:- The appeal was filed in contravention of limit cannot be sustained –Relying upon ACIT Vs. Satish Chand Jain 2006 (8) TMI 329 - ITAT DELHI] - the tax effect involved in the appeal filed by the Revenue being less than the limit as prescribed in the board circular, the same is not maintainable - the appeals filed by the Revenue prior to the Circular also be covered by the monetary limit of the Circular – Decided against Revenue.
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