2017 (3) TMI 1824

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....r dated 4th August 2015, passed by the learned CIT(A), upholding penalty of Rs. 11,26,000/- imposed on the assessee under section 271E of the Income Tax Act, 1961, for the assessment year 2010-11. 2. When this appeal was called out for hearing, learned counsel for the assessee invited my attention to Hon'ble Supreme Court's judgement in the case of CIT vs. Jai Laxmi Rice Mills wherein it is held ....