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2018 (6) TMI 1187 - AT - Income TaxPenalty u/s u/s 271(1)(c)- addition on account of explained cash deposits - Held that:- Since the entire addition on account of unexplained cash deposits has already been deleted by the Ld. CIT(A), therefore, the penalty in dispute was rightly deleted by the ld. CIT(A), which does not need any interference on our part, hence, we uphold the action of the Ld. CIT(A) in deleting the penalty and reject the grounds raised by the Revenue.
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