2010 (10) TMI 96

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..... he prayer that no penalty proceeding be taken under Section 271 (1) (c) of the Income Tax Act, 1961 (the Act) - Tribunal set aside the order of the Commissioner of Income Tax. There is no illegality in the same. The appeal has no merit and is dismissed
Yatindra Singh, Rajes Kumar,JJ. 1. This appeal relates to the assessment year 2002-03. Initially the respondent had sold shares for Rs.5,89,264 .....

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