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Vimalachal Print & Pack (P.) Ltd. v. DCIT (2022) 194 ITD 671 (Ahd.)(Trib.)

S. 271(1)(c) : Penalty-Concealment-Disallowance of claim-mistakenly not added foreign exchange fluctuation amount to his income-Levy of penalty is not valid.

Held that  where the assessee had mistakenly not added foreign exchange fluctuation amount to his income,  levy of penalty is not valid. (AY. 2012-13)