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Paramount Blankets Private Limited is involved in a tax appeal case concerning assessment year 2015-16, related to a penalty order for furnishing inaccurate particulars regarding an unsecured loan. The company's appeal against the Commissioner of Income Tax (Appeals) order was heard, but the assessee did not appear. The case involves a dispute over the genuineness of an unsecured loan from M/s Uttam Woolens Pvt. Ltd.
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