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2020 (2) TMI 731 - HC - Income TaxPenalty u/s 271(1)(c) - money receipts offered for taxation after being detected by the department as a result of survey action u/s.133A - Tribunal deleted the addition - HELD THAT:- Tribunal proceeded on the principle of law that when the assessee disclosed the amount during the survey action u/s 133A and the same is honoured by filing the return of income, there cannot be any order of penalty u/s 271(1)(c) of the Act, 1961. The Tribunal took support of the decision of the Delhi High Court in the case of SAS Pharmaceuticals [2011 (4) TMI 888 - DELHI HIGH COURT] Having heard the learned counsel appearing for the Revenue and having gone through the materials on record, we are of the view that no error, not to speak of any error of law could be said to have been committed by the Tribunal in passing the impugned order. The question proposed by the Revenue, in our opinion, cannot be termed as a substantial question of law involved in this appeal.
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