Penalty Confirmed for Concealment of Income u/s 271(1)(c); Assessee's Explanation Not Bona Fide.

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....Penalty u/s 271(1)(c) - the addition made by the Assessing Officer was specific and assessee had concealed the income and furnished inaccurate particulars of income. - the assessee's explanation is not bonafide - levy of penalty confirmed - AT....