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2003 (2) TMI 424 - ITAT AMRITSARExtract: ....... of the present case and also the decision of the Hon rsquo ble Supreme Court, referred to above, we are of the opinion that in the instant case, no penalty is leviable under section 271(1)(a) of the Act. Therefore, the penalty imposed by the Assessing Officer and confirmed by the CIT(A) is hereby cancelled. 9. In the result, the appeal is allowed.
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