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2023 (5) TMI 838 - AT - Income TaxPenalty u/s 271(1)(c) - assessee contented that no penalty is livable when the assessed income is finally made under the provisions of section 115JB - HELD THAT:- We observe that the Tribunal in the case of M/s. Samin Tekmindz India Pvt. Ltd.[2019 (8) TMI 449 - ITAT DELHI] following the decision of the jurisdictional High Court in the case of CIT Vs. Nalwa Sons Investments Ltd. [2010 (8) TMI 40 - DELHI HIGH COURT] deleted the penalty levied u/s 271(1)(c). Thus sustain the order of the ld. CIT (Appeals) in deleting the penalty levied u/s 271(1)(c). Appeal of revenue dismissed.
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