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2015 (1) TMI 1222 - AT - Income TaxPenalty u/s 271(D) - CIT(A) deleted the penalty - Held that:- The issue is squarely covered by the judgement of jurisdictional High Court in the case of IP India (2011 (11) TMI 252 - DELHI HIGH COURT ) wherein it was held that receipt of share application money in cash is beyond the scope of provision contained in Section 269SS read with section 271D of the Act. We therefore confirm the order of the ld CIT(A) - Decided in favour of assessee.
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