2010 (10) TMI 1225

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.... ORDER R V EASWAR, PRESIDENT: This is an appeal by the Revenue relating to the assessment year 2003-04. The Revenue has challenged the order of the CIT(A) cancelling the penalty of Rs. 21,36,155/- levied by the Assessing Officer under section 271(1)(c) of the Income Tax Act, 1961. 2. At the time of the hearing it was pointed out on behalf of the assessee that by order dated 4th January 20....