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2012 (5) TMI 615 - AT - Income TaxExtract: .......me and it cannot be said that the assessee has concealed income . Following the decision of the co-ordinate bench, we hold that this is not a fit case of levy of penalty u/s.271(1)(c) of the I.T. Act. Accordingly, the appeal is dismissed. 8. In the result, the appeal filed by the Revenue is dismissed. Order pronounced on this 30th day of May, 2012.
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