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2019 (4) TMI 1525 - AT - Income TaxLevy of penalty u/s 271(1)(c) - Addition u/s 68 read with section 115BBE on account of sale of equity shares - HELD THAT:- It is not in dispute that addition made u/s 68 read with section 115BBE on account of sale of equity shares was deleted by the Tribunal vide its order [2019 (1) TMI 1404 - ITAT DELHI] . Therefore, the very basis for levy of penalty not surviving the levy of penalty also does not survive. Therefore, delete the levy of penalty on addition made u/s 68 read with section 115BBE of the Act and allow the appeal of assessee.- Appeal of assessee is allowed.
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