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In the result the appeal filed by the assessee is allowed
Bench: Ms Suchitra Kamble & Shri Waseem Ahmedआयकर अपील सं./Ita No. 406/Ahd/2020 िनधा"रण वष"/Asstt. Year:2005-2006 Anisha R. Dhanani, A.C.I.T., 281, 28Th Floor, Vs. Circle-1(1)(2) Kalpatru Heights, Vadodara. Dr. A.R. Nair Road, Agripada, Mumbai-400011. Pan: Actpd3111C
13. The only issue raised by the assessee is that the ''Ld.CIT (A)'' erred in confirming the penalty u/s 271(1)(c) of the Act for Rs. 3,71,721/- on account of unexplained cash credit under section 68