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2008 (2) TMI 574 - HC - Income TaxPenalty- concealment- Held that- assessee disclosed this amount under the amnesty scheme, it is seen that such disclosure was after search and detection of deposit by the Department. The declaration for the purpose of avoiding penalty should be voluntary and before detection of the concealed income by the Department. Since in this case assessee conceded income after the Department detected the same, the assessee cannot avoid penalty. Thus the appeal has dismissed.
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