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2013 (7) TMI 135 - AT - Income TaxPenalty u/s.271(1)(c) - search u/s 132 - assessee introduced unaccounted cash which was detected during the course of search in response to a notice u/s.153A - Held that:- As in identical facts in other group cases, the Tribunal has consistently taken a view that assessment made by the AO on the basis of admission of assessee and not on basis of any material found during the course of search is not the case that the assessee has furnished inaccurate particulars or concealed any particulars of income in the return of income filed u/s.153A. If the additional income offered by the assessee in the revised return u/s.153A, after the search had been accepted in its entirety without detailed discussion of the seized documents and without making any attempt to obtain explanation of the assessee, penalty u/s.271(1)(c) is not leviable. In favour of assessee.
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