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2007 (2) TMI 166 - HC - Income TaxBogus claim for depreciation - Appellate Tribunal is right in law in holding that the filing of the revised return before issue of notice under Section 148 of the Act, cannot be treated as a voluntary act, that the appellant is guilty of concealing income and is liable for penalty under Section 271(1)(c) of the Act – Order of tribunal is within law so penalty is justified - no questions of law – appeal dismissed
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