Penalty Deleted: Section 271(1)(c) Inapplicable Due to Asset Demolition Before Valuation u/s 50C by DVO.

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....Penalty u/s 271(1)(c) - it is one of the rare cases wherein even working of section 50C cannot really be effective at all inasmuch as the very asset, which was required to be valued by DVO, was demolished before valuation could take place - penalty deleted - AT....