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Grievance of the assessee appellant, in substance, is that the learned CIT(A) erred in confirming the penalty under section 271(1)(c) in respect of unexplained cash credit to the extent of Rs. 3,41,000.

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Sec. 271(1)(c) of Income Tax Act, 1961— Penalty —VINOD FARIA vs. deputy CIT.[2020] 25 ITCD Online 079 (ITAT-MUMBAI)

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