Mr. A files return with Income of Rs. 100 taxable @ 10%.
Later as per Assessing officers order Income is Rs. 200 taxable @ 30%. He also initiates Penalty Proceeding u/s 271(1)(c)
Later as per CIT and ITAT's order Income is Rs. 100 but taxable @ 30%. What will be the impact of this ITAT's order on Penalty Proceedings?
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