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2011 (7) TMI 1376 - AT - Income TaxExtract: .......s and circumstances of the case, levy of penalty is not justified. Accordingly, the penalties of ₹ 10,000/- each, imposed for all these seven assessment years are deleted. 6. In result, these appeals filed by the assessee are allowed. Orders pronounced in the open court at the time of hearing on Tuesday, the 12th day of July, 2011 at Chennai.
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