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1987 (1) TMI 119 - ITAT BANGALOREExtract: .......oviso is attracted and the Explanation is excluded. It follows that the assessee has neither concealed any particulars of income nor can it be deemed to have concealed any particulars of income. In the circumstances, the facts of this case did not justify imposition of penalty under s. 271(1)(c), which is hereby cancelled. 4. The appeal is allowed.
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