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1993 (9) TMI 163 - AT - Income TaxExtract: .......pirit of the law makers. 16. The various case laws relied upon by the appellant are not applicable since, none of them were concerning the Expln. 3 to s. 271(1)(c) of the Act. We therefore, uphold the levy of penalty for deemed concealment of income for all of the four asst. yrs. 1980-81 to 1983-84. The appeals are allowed in favour of the Revenue.
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