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2019 (1) TMI 1529 - ITAT AHMEDABADPenalty u/s 271(1)(c) - Held that:- In view of the fact that the quantum additions/disallowances itself has been set aside having regard to the appellate order of the ITAT in quantum proceedings, the very basis for imposition of penalty under s. 271(1)(c) does not survive at present. Therefore, the action of the CIT(A) towards sustaining penalty is set aside and restored back to the file of CIT(A) for fresh adjudication in the light of quantum appeal. - Appeal of the Assessee is allowed for statistical purposes.
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