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2002 (12) TMI 211 - AT - Income TaxExtract: .......mate basis and it cannot be said that it represents or discloses concealed income hence is not leviable on the basis of this agreed addition of Rs. 5,000. 22. In view of the above, we are unable to uphold the view taken by the ld. CIT(A) and set aside her order. Thus, the penalty of Rs. 15,000 is cancelled. 23. In the result, the appeal is allowed.
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