2017 (3) TMI 1739

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....s directed against the order passed by the CIT(A) on 31.10.2013, deleting the penalty of Rs. 8 crore imposed by the Assessing Officer u/s 271(1)(c) of the Act, in relation to the Assessment Year 2008-09 . 2. Briefly stated, the facts of the case are that the assessee claimed deduction of Rs. 22.93 crore under the head 'Power purchase price.' This deduction was claimed only through the computation....