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2018 (8) TMI 1893 - ITAT DELHIPenalty u/s 271 - disallowance u/s 14A - HELD THAT:- In the assessment order Ld.AO has not been able to establish regarding any concealment of material facts or furnishing of inaccurate particulars by assessee. It is observed that disallowance has been made by considering the figures, that were duly disclosed in the return and statement of accounts of assessee. Under such circumstances we do not find any infirmity in the orders passed by Ld. CIT (A) in deleting the penalty levied. Accordingly we dismiss the grounds raised by revenue.
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