https://www.taxtmi.com/highlights?id=57885 Penalty levied u/s 271(1)(c) - the assessee has given evidences, on which no findings was given by Ld. CIT(A), in our view, the assessee reasonably explained the facts qua this addition before Ld. CIT(A. Therefore, in our view, this is not a fit case for sustaining the levy of penalty under section 271(1)(c) - AT en-us Sat, 08 May 2021 13:02:04 +0530 Sat, 08 May 2021 13:02:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=57885 Penalty levied u/s 271(1)(c) - the assessee has given evidences, on which no findings was given by Ld. CIT(A), in our view, the assessee reasonably explained the facts qua this addition before Ld. CIT(A. Therefore, in our view, this is not a fit case for sustaining the levy of penalty under section 271(1)(c) - AT Highlights Income Tax Sat, 08 May 2021 13:02:04 +0530 https://www.taxtmi.com/highlights?id=57885