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1980 (4) TMI 162 - ITAT JAIPURExtract: .......On behalf of the Revenue, no positive evidence was brought on record to establish that there was conscious concealment of income by the assessee. Under the circumstances, the AAC was not correct in sustaining the penalty of Rs. 3,000. 9. For the reasons discussed above, the impugned penalty order is cancelled. 10. In the result the appeal succeeds.
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