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2015 (11) TMI 1291 - AT - Income TaxPenalty u/s.271(1)(c) - Addition(s) made on account of unexplained household expenditure and undisclosed capital gain - CIT(A) deleted the penalty - Held that:- As in quantum proceeding the Tribunal was pleased to restore the appeals to the file of ld.CIT(A), thus these penalty appeals may also be restored back to the file of ld.CIT(A). We hereby set aside the order of the ld.CIT(A) and restore these appeals to the file of ld.CIT(A) for decision afresh in accordance with law. Decided in favour of Revenue for statistical purposes.
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