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2015 (9) TMI 1169 - AT - Income TaxPenalty levied u/s 271(1)(c) - Held that:- The assessing officer issued the penalty notice without specifying the charge under which the notice was issued. Before us, the Ld D.R could not distinguish the above said decision. Hence, on this legal ground also, the assessee’s appeal is required to be allowed. In view of the foregoing discussions, we set aside the orders passed by Ld CIT(A) for both the years under consideration and direct the assessing officer to delete the penalty levied u/s 271(1)(c) of the Act in both the years. - Decided in favour of assessee.
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