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2008 (4) TMI 231 - HC - Income Tax
AO concluded that penalty is not leviable - no reasons given by AO – CIT found that the order is erroneous and prejudicial to the interest of the Revenue - order passed by the Assessing Officer should be a self-contained order giving the relevant facts and reasons for coming to the conclusion based on those facts and law - order passed by the Assessing Officer is cryptic - remand the matter to AO to decide the issue afresh in terms of the order passed by the CIT