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1998 (12) TMI 80 - GUJARAT HIGH COURTExtract: ....... assets, the assessee is not left with taxable wealth at all. In our opinion, the Tribunal was justified in coming to the conclusion that no penalty was leviable. We, therefore, in the aforesaid facts and circumstances of the case, answer the question referred to us in the affirmative, i.e., to say in favour of the assessee and against the Revenue.
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