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1995 (6) TMI 69 - AT - Income TaxExtract: .......l which were necessary for the computation of its total income. In this view of the matter, we hold that it is not a fit case for levy of penalty for concealment of income. Our view is supported by the decisions relied upon by the learned advocate for the assessee. We, therefore, cancel the impugned penalty. 7. In the result, the appeal is allowed.
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