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2023 (3) TMI 1305 - AT - Income TaxPenalty u/s 271(1)(c) - Quantum addition deleted - HELD THAT:- Where the whole of the addition have been deleted in the quantum proceedings by the CIT(A) and which has attained finality as per records, we agree with the contention of the Ld. AR that very foundation for levy of penalty no more exist. Hence the penalty so levied is hereby directed to be deleted as pronounced in the Open Court. Appeal of the assessee is allowed.
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