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2019 (11) TMI 1292 - ITAT BANGALORELevy of penalty u/s 271(1)(c) - HELD THAT:- Since the co-ordinate Bench of Tribunal in the quantum appeal has restored disputed issue to the file of Assessing Officer for verification and examination, we are of the opinion that penalty levied on the basis of assessment under Section 143(3) r.w.s. 147 of the Act cannot be sustained. Accordingly we set aside the order of CIT(Appeals) and direct the Assessing Officer to delete the penalty and allow the grounds of appeal of assessee.
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