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2014 (7) TMI 632 - ITAT MUMBAIPenalty u/s 271(1)(c) - deduction u/s 80IB(10) - project was not completed on/or before 31st March 2008 – Held that:- CIT(A) has deleted the penalty after detail discussion on merits - in the quantum proceedings, the Tribunal has set aside the matter to the file of the CIT(A) and the orders of the CIT(A) for all the years under appeal should also to be restored – thus, the order of the CIT(A) is set aside and restored for fresh adjudication in accordance with law after deciding the quantum proceedings – Decided in favour of Revenue.
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