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2012 (11) TMI 1271 - ITAT AHMEDABADExtract: ....... levy of penalty as prescribed under Explanation-5 to section 271(1)(c) of IT Act. We therefore hold that the cancellation of penalty by ld.CIT(A) was a correct view, hence the same is hereby approved. Ground(s) raised in this regard by the Revenue Department is hereby dismissed. 6. In the result, all the three appeals of the Revenue are dismissed.
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