Penalties u/s 271(4A) of Income Tax Act 1961.

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....cealment were seized. While enquiries were in progress, the assessee came forward with an offer of settlement. A settlement was finally arrived at, which, according to the Commissioner of Income-tax, was in the best interest of revenue as, in the normal course, the Department could not frame an assessment on the figures agreed to by the assessee nor levy any penalty. Assessments were made accordin....