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Levy of Penalty u/s.271(1)(c) - the explanation of the assessee is bonafide for not filing the returns of income for both these assessment years - no penalty can be levied on the assessee on the charge of concealing the particulars of income - Tri

Income Tax - Levy of Penalty u/s.271(1)(c) - the explanation of the assessee is bonafide for not filing the returns of income for both these assessment years - no penalty can be levied on the assessee .....

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