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2007 (6) TMI 200 - MADRAS HIGH COURTPenalty levied on ground of concealment of income – mistake in placement of decimal point while computation of income - Tribunal found that the misplacement of a decimal cannot tantamount to concealment of particulars or furnishing inaccurate particulars - On facts, the Tribunal correctly deleted the penalty levied u/s 271(1)(c) - reasons given by the Tribunal are based on valid materials and evidence – so there is no infirmity in the order of the Tribunal so as to warrant interference
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