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2008 (9) TMI 113 - HIGH COURT RAJASTHANConcealment of income – penalty – return submitted in pursuance of notice u/s 148 showing higher income than returned in original return,- ITAT set aside the penalty on ground that assessee had voluntarily surrendered the income - nothing was produced by revenue to establish, that the assesses had concealed the income – revenue’s contention that Mens-rea is not one of the essential ingredient, for attracting liability, u/s 271, is not acceptable – penalty was rightly set aside
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