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2008 (9) TMI 175 - GUJARAT HIGH COURTConcealment of income - When the issue is raised in penalty proceedings the factum of the very same income having been taxed substantially in the hands of other entity becomes a relevant factor for determining whether the assessee has concealed the said income which has already been taxed after being shown in the hands of different entity - Tribunal committed error by not treating the assessment of amount in the hands of a third person as a relevant factor – matter remanded
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