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2017 (3) TMI 1885 - HC - Income TaxPenalty levied u/s 271(1)(c) - additions were confirmed in the quantum appeal - bogus purchases - HELD THAT:- As the expenses or the credits which were shown by the creditors cannot be proved, therefore, no substantial tax is paid. Therefore, in that view of the matter, on the basis of the observations made in Aiyub Umarji Patel [2013 (2) TMI 738 - GUJARAT HIGH COURT] and Oasis Hospitalities (P) Ltd. [2011 (1) TMI 194 - DELHI HIGH COURT] in our view, the issue is required to be answered in favour of the assessee and against the department.
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