Penalty Confirmed: Section 271(1)(c) Scrutiny Finds Assessee Couldn't Prove Legitimacy of Cash Deposits in Partnership Firm.

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....Levy of penalty u/s 271(1)(c) - Scrutiny under CASS - the assessee failed to prove the creditworthiness of the cash deposits (Capital) in the partnership firm and therefore was no illegality in the orders - Levy of penalty confirmed - AT....