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1987 (3) TMI 160 - ITAT DELHI-CExtract: .......ing the totality of the circumstances we are of the view that the penalty under s. 271(1)(c) should be worked out under Expln. (4)by taking the amount concealed at Rs. 10,700. The ITO would work out the actual penalty as provided under law and impose minimum of penalty in respect of the above amount. 7. In the result, the appeal is allowed in part.
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