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2007 (10) TMI 329 - AT - Income TaxExtract: .......ssessee. In such circumstances, it is difficult to sustain the charge that the assessee concealed its income or furnished inaccurate particulars thereof. 8. For the aforesaid reasons, we are of the view that the CIT(A) was justified in cancelling the penalty. We uphold his order and dismiss the appeal filed by the Revenue with no order as to costs.
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