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1987 (7) TMI 132 - AT - Income TaxExtract: .......y to cases where there is negative total income. 22. We hence hold that penalty for concealment of income is imposable in respect of the concealment of Rs. 2,14,364 on account of the wrong claim of depreciation, as made by the assessee. We direct that minimum penalty may be imposed. 23. In the result, the appeal of the department is partly allowed.
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