2017 (3) TMI 1739

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....l,   This appeal by the Revenue is 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 deducti....