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1976 (7) TMI 95 - ITAT MADRAS-DExtract: .......charging the assessment with the suit of concealment or filing of inaccurate particulars. That being so, we are satisfied that no contumacious conduct or concealment of income on the part of the assessee is noticeable and, therefore, we feel that no penalty is justified. The penalty is accordingly cancelled. 6. In the result, the appeal is allowed.
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