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2019 (3) TMI 84 - AT - Income TaxPenalty imposed u/s 271(1)(c) - Search and seizure action u/s 132 - fresh assessments were completed u/s 153A - HELD THAT:- In view of the fact that the Tribunal has held the assessment proceedings u/s 153A of the Act as being void ab initio and invalid and has also deleted the additions on merits in all the four years under appeal, the impugned penalties do not survive. The orders of the CIT (Appeals) are set aside and the impugned penalties are directed to be deleted - Decided in favour of assessee.
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