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1993 (7) TMI 118 - AT - Income TaxExtract: ....... apropos the allowability of expenditure considered by the CIT(A). Since the assessee proved the bona fide of the claim, penalty for concealment cannot be charged. We, therefore, allow the appeal of the assessee and reject the appeal of the Revenue. In the result, appeal of the assessee stands allowed and the appeal of the Revenue stands dismissed.
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