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2007 (11) TMI 427 - CALCUTTA HIGH COURTEvasion of tax - Penalty - it would show that the plea which they have taken before the authorities that ignorance of law cannot be diluted but it cannot be an excuse in law - Bona fide impression for ignorance of law - Penalty is reduced from Rs. 2,08,709 to Rs. 1 lac - Appeal is disposed of
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