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2009 (6) TMI 117 - AT - Income TaxExtract: ....... assessee has furnished inaccurate particulars. In view of these facts and circumstances we hold that the penalty levied and confirmed by the lower authorities were not justified. Accordingly, we cancel the levy of penalty and allow the appeals of the assessee for all the three years. 6. In the result, the appeals filed by the assessee are allowed.
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