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2022 (1) TMI 725 - AT - Income TaxPenalty u/s 271(1)(c) on estimated income - estimation of income on bogus purchases - CIT-A deleted the penalty - HELD THAT:- When this was confronted to the learned Sr. DR, he could not controvert the findings of CIT(A) deleting the penalty for all the Assessment Years. Even before us now, the learned Sr. DR could not point out any concealment of income or furnishing of inaccurate particulars of income, hence, we find no infirmity in the order of CIT(A) for all these Assessment Years. All the three appeals of Revenue are dismissed.
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