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2024 (2) TMI 632 - AT - Income TaxPenalty u/s 271(1)(c) - additional income in the return filed in response to notice u/s 153A/153C - HELD THAT:- In the instant case, the assessee on the basis of various entries mentioned in the seized diary admitted additional income of over and above the returned income which was accepted by the Assessing Officer. As relying on Sarita Kaur Manjeet Singh Chopra vs. Income Tax Officer [2015 (12) TMI 1025 - ITAT PUNE] in absence of any decision brought to our notice the assessee to the proposition that penalty cannot be levied u/s 271 (1)(c) of the Act in a case where search has taken place after 1.7.2007 and the assessee has declared the additional income in the return filed in response to notice u/s 153A/153C, we do not find any infirmity in the order of the learned CIT (A) in confirming the penalty levied by the Assessing Officer. Accordingly, the grounds raised by the assessee are dismissed.
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