2001 (2) TMI 38

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..... 966-67. The assessee had disclosed the purchase of a site for a consideration of Rs.25,000. He subsequently admitted the fact that the real consideration was much more: Nevertheless, the Tribunal has chosen to hold that there were no concealment. This approach of the Tribunal cannot be approved. The assessee cannot make a false declaration knowing the real facts and thereafter when confronted with .....

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