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2013 (12) TMI 405 - AT - Income TaxPenalty u/s 271(1)(c) – The assessee has received Rs. 22.75 lakhs from his father time to time in the form of cash deposit in his bank account - Held that:- The dates and amount of deposits made by the assessee in his bank account and withdrawals made by his father from his bank account coincide – The receipt forms the ground of addition of income but does not attract penalty u/s 271(1)(c) - Decided in favour of assessee.
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