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1992 (2) TMI 18 - HC - Income TaxExtract: ....... this income of Rs. 35,980. In our opinion, there was clear case of concealment of income. The Tribunal was, therefore, right in levying penalty, which it did. In the result, we answer the question, which has been referred to us for our opinion, in the affirmative and against the assessee. Reference answered, accordingly, with no order as to costs.
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