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2019 (2) TMI 372 - AT - Income TaxPenalty u/s 271(1)(c) - addition on account of deemed dividend u/s 2(22)(e) - Held that:- DR justified the stand of Ld. AO in imposing the penalty, yet the fact that the quantum addition has been deleted by the Tribunal, remain un-controverted. Nothing has been brought on record to suggest that the aforesaid ruling has ever been over-ruled by any competent judicial authority. This being the case, no interference is called for in the impugned order. - Decided against revenue.
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