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2004 (1) TMI 21 - MADHYA PRADESH HIGH COURTPenalty under section 271(1)(c) - Commissioner of Income-tax (Appeals) found that penalty was not exigible because the assessee had filed the preliminary details along with the return and letter dated January 25, 1996. In the given circumstances it was held that it cannot be said that the assessee has filed inaccurate particulars or concealed any income chargeable to tax. Thus, the penalty was deleted. – Tribunal was justified in affirming the decision of Commissioner – no question of law arise – appeal of revenue dismissed
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