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2013 (12) TMI 364 - HC - Income TaxConcealment of income - Held that:- Following Commissioner of Income Tax Vs. Gold Coin Health Food P. Ltd. [2008 (8) TMI 5 - SUPREME COURT] - Explanation 4 to Section 271(1)(c) is clarificatory and not substantive - The penalty is leviable even in case of return of loss - The issue was restored for fresh adjudication.
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