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1997 (7) TMI 22 - MADRAS HIGH COURTExtract: .......at it is not possible to consider the addition as a deemed concealment. Therefore, the Tribunal cancelled the, penalty on the view that penalty was not exigible. Inasmuch as the conclusion of the Tribunal was arrived at on the facts of the case, we consider that no referable question of law arises. Accordingly, the tax case petitions are dismissed.
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