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2022 (11) TMI 715 - AT - Income TaxPenalty imposed u/s 271(1)(c) - AO levied penalty after feeling satisfied that the assessee has concealed its income and thus furnished inaccurate particulars of its income - CIT-A deleted the penalty - HELD THAT:- As quantum addition on the basis of which penalty proceedings were initiated, has been deleted. Therefore, we do not see any good reason to interfere in the finding of the learned CIT(Appeals) and the same is hereby affirmed. Revenue’s appeal is dismissed.
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