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2007 (10) TMI 544 - PUNJAB AND HARYANA HIGH COURTComputation of penalty - on the tax sought to be evaded or assessed income when the return was not furnished under Section 158BC(a) - held that:- the case of the assessee was covered under the Second Proviso and the assessee was liable to pay penalty on the concealed income of Rs. 3,60,774/- as quantified by the CIT(A) and sustained by the Tribunal. Revenue is unable to show that the findings so recorded are either perverse or erroneous warranting interference by this Court.
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