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1993 (2) TMI 66 - ORISSA HIGH COURT
Extract:
........ The assessee s plea does not stand the test of preponderance of probabilities. In our considered opinion, therefore, the Appellate Assistant Commissioner and the Tribunal erred in holding that penalty was not imposable. Accordingly, we answer the question referred to us in the negative, in favour of the Revenue and against the assessee. No costs.