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1979 (7) TMI 147 - ITAT MADRAS-AExtract: .......this case we have found that the burden cast by the Explanation has been discharged by the assessment and that there is no evidence to prove concealment of income it must be held that the penalty imposed under s. 271(1)(c) cannot be sustained. We have therefore no hesitation in cancelling the penalty imposed. 7. In the result the appeal is allowed.
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