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2017 (6) TMI 14 - ITAT DELHIPenalty levied under section 271(1)(c) - eligibility for depreciation on energy meters - Held that:- We find that issue in dispute in respect of which the penalty was levied by the Assessing Officer has already been restored to the file of the Assessing Officer for the re-computation of depreciation and there for penalty levied by the Assessing Officer in respect of those additions/disallowances cannot survive and the ground raised by the Revenue is rendered merely academic. Accordingly, the ground of appeal is dismissed. - Decided in favour of assessee.
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