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2002 (7) TMI 414 - ITAT AHMEDABADExtract: ....... venial in nature and has not possibly resulted in loss to the Government revenue. Penalty will not be imposed merely because it is lawful to do so. On a careful consideration of the entire facts we are of the view that the penalty has been rightly cancelled by the CIT(A). We see no infirmity in his order. 5. In the result, the appeal is dismissed.
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