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1980 (8) TMI 38 - HC - Income TaxExtract: .......sions of s. 271(1)(c) in respect of the disclosure made of Rs. 61,460 in the first revised return. That the assessee discharged the burden placed on it by the Explanation to s. 271(1)(c) in respect of Rs. 50,810 disclosed by the second revised return and, therefore, no penalty was leviable under s. 271(1)(c). The parties shall bear their own costs.
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