ITAT Ahmedabad confirms validity of Section 263 revision for wrong penalty notice

PCIT  in 263 order  held that though the AO in the body of the reassessment order concluded the unexplained amount of Rs.66,63,250/= is required to be taxed u/s.69A in line with section 115BBE   & also initiated penalty proceeding u/s.271AAC[1]   but erroneously issued penalt

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