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2017 (5) TMI 970 - ITAT MUMBAIPenalty u/s.271(1(c) - Held that:- As decided in own case of assessee there is no concealment of any fact nor have any additional facts been discovered proving the earlier disclosure in the return to be false or wrong. The findings recorded by the CIT(A) are just and proper and after consideration of various judicial pronouncements. Respectfully following the order of the Tribunal in assessee's own case, which has been upheld by the Hon'ble Bombay High Court as well as the judgment of the Hon'ble Supreme Court in the case of Reliance Petroproducts Ltd. (2010 (3) TMI 80 - SUPREME COURT) we see no reason to interfere in the findings of the CIT(A) deleting the penalty so levied by the AO. - Decided in favour of assessee.
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