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2008 (3) TMI 309 - HC - Income TaxAssessee filed revised return surrendering amount standing in names of family members AO levied penalty on ground that revised returns had not been filed voluntarily but filed only after search and seizure - Admittedly some steps were taken by the Departmental authorities for finding out the concealment but no specific notice was issued by the Departmental authorities Thus, there was only a prima facie belief that the assessee has concealed his income family members assessed on such income held that there is no concealment penalty not imposable u/s 271(1)(c)
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