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2016 (7) TMI 177 - ITAT MUMBAIPenalty u/s 271(1)( c) - addition u/s 69C of the Act in respect of unexplained expenditure - Held that:- The quantum addition has been deleted by the Tribunal and since the ld.CIT(A) has correctly deleted the penalty by a reasoned order on the ground that quantum having been deleted by the Tribunal. We also do inclined to interfere in the reasoned order of the ld.CIT(A). - Decided against revenue
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