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2012 (5) TMI 854 - AT - Income TaxExtract: .......not be held that the assessee has furnished inaccurate particulars of income or concealed any particulars of income leading to levy of penalty u/s 271(1)(c) of the I T Act. Accordingly, we delete the penalty levied u/s 271(1)(c) of the Act. 6 In the result, the appeal filed by the assessee is allowed. Order pronounced on this 16th, day of May 2012.
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