2011 (1) TMI 1524

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..... al was justified in holding that the penalty levied on the respondent-assessee under Section 271D is barred by limitation. We have heard Senior counsel appearing for the appellant and Sri.V.V.Asokan, counsel appearing for the respondent- assessee. 2. After hearing both sides, we notice that even though penalty proceedings were initiated based on data gathered in the course of search and subsequ .....

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