No concealment penalty if an amount is excluded from head PGBP and taxed as unexplained income: ITAT

INCOME TAX : Where in assessment order an amount was excluded from head 'profits and gains of business and profession' and same amount was added under section 68, thereby resulting in assessed income of assessee to be same as returned income, allegation of furnishing of inaccurate particulars of income could not be said to have resulted in tax sought to be evaded by assessee, hence, levy of penalty was unjustified

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