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    <title>2023 (7) TMI 118 - ITAT COCHIN</title>
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    <description>The Tribunal allowed the appeal by the assessee, holding that the penalty notice issued under Section 274 r.w.s. 271 was defective and did not comply with legal requirements established by judicial precedents. As a result, the penalty imposed under Section 271(1)(c) for non-disclosure of income was quashed.</description>
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      <description>The Tribunal allowed the appeal by the assessee, holding that the penalty notice issued under Section 274 r.w.s. 271 was defective and did not comply with legal requirements established by judicial precedents. As a result, the penalty imposed under Section 271(1)(c) for non-disclosure of income was quashed.</description>
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