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2000 (7) TMI 22 - HC - Income TaxExtract: .......ers Act cannot be treated as income. This is only an explanation not to treat a particular amount as income. It cannot be said that the income has been concealed. In the above view of the matter, we are of the view that the Tribunal was right in cancelling the penalty. The questions of law are answered in the affirmative and against the Department.
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