2000 (2) TMI 32

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....for the State/respondent present. The petitioner was prosecuted by the respondents under sections 276C and 277 of the Income-tax Act, 1961, read with section 279(1) of the Income-tax Act on the ground that the petitioner has committed a default of concealing his income by making false entries and statements, etc., by undervaluing the closing stock for the assessment year 1979-80. The accused/petit....