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2022 (7) TMI 555 - AT - Income TaxPenalty u/s 271(1)(c) - appeal of the assessee allowed the set off of loss claimed by the assessee against the undisclosed income - HELD THAT:- Considering the order of Tribunal in the quantum assessment, wherein the entire additions on the basis of which the penalty was levied has already been deleted, therefore, the order of penalty will not survive. Hence, we direct the assessing officer to delete the entire penalty levied under section 271(1)(c) - Decided in favour of assessee.
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