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2005 (7) TMI 573 - ITAT MUMBAIExtract: ....... case confirmed the cancellation of penalty in respect of other two amounts made on similar grounds. Thus, we do not find any justification in confirming the penalty. Hence, the order of CIT(A) is reversed and penalty for concealment in respect of the sum of Rs. 1,73,126 is hereby cancelled. 14. In the result, the appeal of the assessee is allowed.
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