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2018 (4) TMI 1470 - ITAT LUCKNOWImposition of penalty u/s 271A - assessee failed to maintain books of account as per the provisions of section 44AA - Held that:- So far as the case of Contractor is concerned, there is no scope for imposing penalty under section 271A of the Act. We, therefore, respectfully following the Third Member decision of Chennai Bench of the Tribunal in the case ACIT vs. Aggarwal Construction Co. (2007 (1) TMI 203 - ITAT CHANDIGARH-B) order deletion of penalty levied under section 271A of the Act. - Decided in favour of assessee.
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