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2018 (12) TMI 1134 - AT - Income TaxPenalty u/s 271(1)(b) - refusal to answer the notice under Section 142(1) - notice u/s 142 (1) was issued on 18/7/ 2013 and date was fixed for the compliance was 22/7/2013 - Held that:- Respectfully following the decision of Mr. Sanjay Dalamia [2018 (3) TMI 1411 - DELHI HIGH COURT] as held if the assessee really had no connection with such accounts, no prejudice could really have ensued to him if he would have complied with the notice under Section 142(1) of the Act and filed the consent form. In these circumstances, the penalty cannot be held to be erroneous or unwarranted. Penalty u/s 271(1)(b) of the act is upheld for all these seven years arising out of the same search and relating to the same bank account and for the same reason of not filing the consent letter, we also confirm the penalty levied by the AO for all these seven years u/s 271(1)(b) of the act in case of the appellant. We also uphold the order of the ld CIT (A) for all these seven years confirming the penalty levied u/s 271(1)(b) of the act of ₹ 10,000/- for each year. - Decided against assessee.
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