No Penalty Imposed for Share Sale Proceeds u/s 271(1)(c) Due to Debatable Nature of Section 68 Addition.

Penalty u/s 271(1)(c) - addition u/s 68 being sale proceeds of shares, as income from undisclosed sources - the issue is debatable and in such a case no penalty was imposable u/s 271(1)(c) of the Income-tax Act, 1961 - AT .....

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