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1975 (9) TMI 38 - ORISSA HIGH COURTExtract: .......sessee was accepted as the correct income. Our answer to the question referred, therefore, is In the facts and circumstances of the case, the Tribunal was not right in imposing penalty at the rate of 150 per cent. of the concealed income. The assessee shall have costs of the reference. Hearing fee is assessed at rupees one hundred. DAS J.--I agree.
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