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2013 (12) TMI 846 - HC - Income TaxPenalty u/s 271(1)(c) - CIT(A) and ITAT deleted the penalty - Held that:- The question of mens rea and interference with the penalty imposed would arise only if concealment deliberate in nature is found to be established. Once the concurrent findings with regard to excess stock being deducted is held not to be a concealment at all we cannot accept the submission of revenue. - Decided against the revenue.
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