819/CBDT.

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....ablished, penalty proceedings u/s 271(1)(c) are bound to be initiated. It has, therefore, been decided that even as penalty proceedings are initiated and particulars thereof are entered in the Register of Penalties prescribed under Board's Circular No.25-D(XLV-15) of 1963 dated 1.10.1963, the result of scrutiny of cases from prosecution angle must also be recorded in the said Register in an additi....