Penalty u/s 271(1)(c) - unexplained investment u/s.69 - The penalty can be justified only if assessee...

Penalty u/s 271(1)(c) - unexplained investment u/s.69 - The penalty can be justified only if assessee fails to offer an explanation or his explanation is found to be false. If these circumstances are not present, the penalty can be avoided if assessee is able to substantiate his explanation. .....

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