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2007 (11) TMI 629 - AT - Income TaxExtract: ....... of concealment of income in order to levy the penalty u/s 271(1)(c) of the Act. In our opinion, no penalty on such disallowance should be made for concealment. It is, accordingly, deleted. 11. In the result, Revenue's appeal stand dismissed and the crossobjectisn filed by the assessee stand allowed. Pronouriced in the open Court on 20.11.2007.
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