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1981 (6) TMI 67 - ITAT HYDERABAD-AExtract: .......ear cannot be ruled out for items where the value is not very much. Looking to these facts and keeping in view the Tribunal s order in quantum proceedings, and the fact that the gross profit was directed to be accepted, we are of the view that no concealment has been established. We would accordingly cancel the penalty imposed and allow the appeal.
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