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2008 (9) TMI 162 - GUJARAT HIGH COURTLevy of penalty under sections 271(1)(a), 271(1)(c) and 273(2)(a) – tribunal deleting penalty by giving benefit under Amnesty Scheme – revenue contend that assessee had revised its returns on a number of occasions subsequent to search operation so it shows that return was not voluntary – contention of revenue not acceptable - mere filing of revised returns on a number of occasions cannot show that the returns were not voluntary – no evidence of undisclosed income – penalty not imposable
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