Section 271(1)(c) Penalty Applies Even if Income Accepted in 153A Assessment for Concealment or Inaccuracy.

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....Levy of penalty u/s 271(1)(c) - assessment u/s 153A - notwithstanding that the income declared in the return filed for a period under consideration is accepted, the assessee would still be liable to penalty under Section 271(1)(c) of the Act.....