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1981 (11) TMI 80 - ITAT CALCUTTA-EExtract: .......rder of the AAC has became final, we hold that the department has not been able to establish that the aforesaid additions were really justified and that the amounts represented the assessee s concealed income. We accordingly cancel the penalty imposed by the ITO for the asst. yrs. 1965-66 and 1966-67. 9. In the result, both the appeals are allowed.
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