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2007 (7) TMI 231 - PUNJAB AND HARYANA HIGH COURTNo penalty proceedings initiated in preceding year on similar set of facts - complete facts were made available to the Assessing Officer along with the return as well as during the course of assessment proceedings and, therefore, it has been held that it is a case of difference of opinion and not concealment of income - once the department has accepted the order in the previous year then it has to act in the same fashion even for the subsequent years – penalty not imposable
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