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2014 (2) TMI 377 - HC - Income TaxTax effect of appeal - Held that:- No notice under Sections 148/143 (2) or 142 (2) was issued to the assessee before he had surrendered the gift or filed the revised return - It cannot be said to be concealment of income merely because he surrendered certain amount to buy peace with the department - The tax effect in the present appeal being less than Rs. 4 lacs and the case being covered by the Circular dated 24/10/2005, this appeal cannot be entertained - Decided against petitioner.
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