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2008 (1) TMI 446 - AT - Income TaxExtract: .......oceedings initiated by the AO were bad in law and the penalty imposed under s. 271(1)(c) in pursuance of such invalid initiation is not sustainable. In that view of the matter, we set aside the impugned order of the learned CIT(A) and cancel the penalty imposed by the AO under s. 271 (1)(c). 13. In the result, the appeal of the assessee is allowed.
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