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2006 (2) TMI 259 - AT - Income TaxExtract: ....... treated as assessee s actual selling price. No proof to this effect. Selling price depends upon various factors. 10. In view of the above, we find that this is not a fit case to levy the penalty under section 271(1)(c). The penalty levied is cancelled and the appeal of the assessee is allowed. 11. In the result, the appeal of the assessee allowed.
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