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2018 (7) TMI 1254 - ITAT KOLKATAPenalty u/s 271(1)(c) - Held that:- Learned Departmental Representative’s only argument is that the assessment order duly clarified that the impugned penalty had been initiated for processing inaccurate particulars of income. We find no merit in Revenue’s above plea since it is only the relevant notice issued u/s. 274 of the Act that carries prime significance in the penalty proceedings in question. We therefore accept assessee’s argument on merits.This assessee’s appeal is accordingly allowed.
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