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2019 (1) TMI 1354 - AT - Income TaxRectification of mistake - levy of penalty under section 271(1)(c) - Held that:- We find that the additions / disallowances for which penalty under section 271(1)(C) was levied; have either been deleted or set aside to the file of AO for fresh adjudication vide Tribunal’s order. In this view of the matter, the penalty levied under section 271(1)(C) of the Act for Assessment Year 2007-08 is not sustainable in the eyes of law. We, accordingly, set aside the order of the CIT(A) and delete the said penalty. - Decided in favour of assessee.
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