2011 (7) TMI 1376

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....ppeals. All the appeals are filed by the assessee for the assessment years 2001-02 to 2007-08. These appeals are directed against the common order passed by the Commissioner of Income-tax (Appeals)-I, at Chennai on 19.1.2011. The appeals arise out of levy of penalty under sec.271(1)(b) of the Income-tax Act, 1961. 2. Consequent to the search carried out in the premises of one Smt. V.B. Vaidehi, t....