1992 (10) TMI 34

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....his is a fit and proper case where the Tribunal should have come to the conclusion that there was concealment of income and the penalty should have been imposed as contemplated under section 273(2)(a) of the Act. We are not inclined to accept the contention of learned counsel on the simple ground that, in the facts and circumstances of this case, the Tribunal firstly came to the conclusion that it....