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2016 (12) TMI 39 - AT - Income TaxLevy of penalty u/s. 271(1)(c) - additions on unexplained cash credits - Held that:- In the instant case the assessee has not been able to establish the identity of the creditors itself. The confirmations furnished by the assessee in the form of so called affidavits are nothing but self created documents and thus cannot be relied upon. Penalty confirmed - Decided against assessee
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