2001 (4) TMI 58

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..... Economic Offence Case No. 14 of 1991, convicting the applicants under section 276C read with section 278B of the Income-tax Act, 1961, and sentencing them to various punishments. The violation in question pertained to the assessment year 1988-89. The Department besides launching criminal prosecution also initiated proceedings for imposition of penalty under section 271(1)(c) of the Act. The penal .....

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