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1962 (3) TMI 87 - HC - Income TaxExtract: .......the income-tax authorities were justified in imposing the penalty. In the result the question referred to us is answered in the affirmative. Let the reference be returned with this answer to the Tribunal. The opposite party shall get its costs of the reference, which we assess at ₹ 200, from the assessee. Question answered in the affirmative.
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