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1975 (12) TMI 92 - ITAT JAIPURExtract: .......ablished that the disputed amount was really the income of the assessee in the year of account and the assessee concealed the same or furnished inaccurate particulars of such income. Thus, in our opinion in the present case, no penalty under s. 271(1)(c) is leviable. 12. In the result, the appeal is allowed. The impugned penalty order is cancelled.
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