Penalty u/s 158BFA(2) Canceled Due to Insufficient Evidence for Rs. 9,26,600 Entry During Tax Search.

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....Cancellation of penalty levied u/s. 158BFA(2) - penalty is not automatic. - This is a case of non-substantiation of explanation; otherwise, the entry of Rs.9,26,600/- was shown in the same paper found during the course of search. - cancellation of penalty is justified..... - AT....