2015 (4) TMI 1196

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....appearing for the revenue in support of this appeal, we have perused the order under challenge which deletes the penalty under section 271(1)(c) of the Income Tax Act, 1961. 2. The Tribunal has assigned cogent and satisfactory reasons for deletion of the penalty. It has found from the factual position that prior to the date of search, a return of income was filed and which came to be finalized. T....