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OSAKA — Nankai Electric Railway Co. failed to declare about 350 million yen in taxable income over three years to March 31, 2001, and tax authorities slapped the carrier with back taxes, industry sources said Friday.

Of the 350 million yen, the Osaka Regional Taxation Bureau considered about 10 million yen to have been intentionally concealed by the part of the Osaka-based railway. The bureau fined the company about 110 million yen, including back taxes.

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