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1976 (8) TMI 56 - ITAT COCHINExtract: ....... the jurisdiction to impose the penalty in case where the concealment of income is less than, Rs. 25,000 is not acceptable to us. The question of jurisdiction, i.e., who should, after satisfying that there is concealment, impose penalty is always a matter of substantive law. 5. In the result, the appeal is allowed. The penalty imposed is cancelled.
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