Commissioner of Income Tax (Appeals) deletes penalty u/s 271(1)(c) due to lack of evidence of income concealment.

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....Penalty u/s 271(1)(c) - Unexplained expenditure u/s 69C - CIT(A) was indeed justified in deleting the penalty, as there was no concealment of income on the part of the assessee have been proved by the Revenue and additions made on estimation by the AO do not call for initiation of penalty. - AT....