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2010 (12) TMI 1245 - AT - Income TaxExtract: .......ew already taken therein. In the light of the observation made therein, we have nothing much to add but to direct the Assessing Officer to recompute the penalty on the income assessed. We order accordingly. 9. In the result, the appeal of the Assessee may be treated as partly allowed. Order signed, dated and pronounced in the Court on 31/ 12 /2010.
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