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2016 (4) TMI 118 - AT - Income TaxPenalty u/s 271(1)(c) - Held that:- Deleting both the additions on account of cash component of brokerage and on account of transactions with M/s. Vinita Estates, the consequential penalty levied u/s 271(1)(c) of the Act would not now survive for consideration. - Decided in favour of assessee
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