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2011 (2) TMI 58 - HC - Income TaxSurrender of income – penalty - Sales of share as long term capital gain - no evidence available with the Investigation Wing that the Assesses had taken bogus entries of long-term capital gains - proceedings were dropped - assessees surrendered income after the notice under section 148 does not necessarily mean that he is within the clutches of section 271 (1)(c) of the Act – Appeal dismissed
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