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SLP dismissed against order justifying levy of concealment penalty as assessee wrongly debited amount in P&L a/c

February 13, 2020[2020] 113 447 (SC)

INCOME TAX: Where High Court Confirmed levy of penalty under section 271(1)(c) on ground that assessee had wrongly debited certain amount in profit and loss account as loss in dealing with non-banking business even though said amount was not an expense but an appropriation of profit, SLP filed against said order was to be dismissed
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