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Revenue has raised the ground that as per settled position of law, the penalty order is liable to be quashed on account of the fact that there is no clear cut finding in the impugned order as to why penalty has been imposed on account of furnishing of inaccurate particulars or on account of concealment of income.

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Sec. 271AAA of Income Tax act, 1961— Penalty —Asstt. CIT. Vs. SANJIV GUPTA.[2020] 28 ITCD Online 019 (ITAT-DELHI)