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1991 (12) TMI 55 - HC - Income Tax

The High Court of Madhya Pradesh dismissed the application under section 256(2) of the Income-tax Act, 1961, as the explanation offered by the assessee regarding unexplained investment was found to be plausible, and no concealment of income was established. The penalty was deleted as no question of law arose. The case was summarily dismissed.

 

 

 

 

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