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1997 (7) TMI 675 - AT - Income Tax
Extract:
.......re. In such cases, I find myself in agreement with the assessee's contention that when the income is disclosed in the first return itself, no penalty can be levied for concealment. This is because the concealment has to be in the return of income. Assessees to furnish the particulars before passing of the final order under s. 255(4) of the Act.