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1976 (10) TMI 10 - PUNJAB AND HARYANA HIGH COURTExtract: .......ed with how the addition came to be made. We are only concerned with the fact that the assessee failed to submit a return within the time prescribed and his income during the relevant accounting year exceeded Rs. 40,000. The penalty was, therefore, rightly levied. The question is answered in favour of the revenue and against the assessee. No costs.
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