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2017 (3) TMI 886 - AT - Income TaxPenalty u/s.271(1)(c ) - Held that:- Admittedly, in these appeals, the penalty was initiated for furnishing inaccurate particulars whereas it was imposed for concealment of income, therefore, respectfully following the decision of T Ashok Pai Versus Commissioner of Income-Tax [2007 (5) TMI 199 - SUPREME Court ] we direct the Assessing Officer to delete the penalty because the Assessing Officer himself was not sure about the charge whether the assessee has furnished inaccurate particulars or concealed the income. - Decided in favour of assessee.
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