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2017 (8) TMI 1508 - HC - Income TaxLevy of penalty u/s 271(1)(c) - Application of independent mind by the AO on the issue of furnishing of inaccurate particulars or concealment of income - Launching of prosecution against the assessee. Appeal admitted. Once we have admitted the Appeal on substantial questions of law, we do not think that there is any justification for the Deputy Commissioner of Income Tax, Central Circle8( 1) to threaten the appellant/applicant with any prosecution. Even if such prosecution is launched, the same shall not proceed till the pendency of this Appeal.
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