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2019 (4) TMI 1576 - AT - Income TaxPenalty u/s 271(1)(c) - Quantum addition deleted - HELD THAT:- the addition on the basis of which the impugned penalty u/s 271(1)(c) of the Act was levied by the Assessing officer has been deleted, therefore, the impugned penalty was not leviable and the Ld. CIT(A) was fully justified in deleting the same. We, therefore, do not see any merit in these appeals of the Department. See KC BUILDERS AND ANOTHER VERSUS ASSISTANT COMMISSIONER OF INCOME-TAX [2004 (1) TMI 7 - SUPREME COURT] - Decided in favour of assessee.
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