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1980 (2) TMI 122 - ITAT INDOREExtract: .......to the extent of additions made in his own hands. Relying on the various Judgments of the Supreme Court as discussed above, I am of the opinion that penalty under s. 271(1)(c) of the IT Act is not leviable on the assessee. Accordingly, I cancel the penalty of Rs. 18,335 under s. 271(1)(c) upheld by the AAC. 10. In the result, the appeal is allowed.
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