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1986 (4) TMI 6 - PATNA HIGH COURT
Extract:
.......earned brother Nazir Ahmad J. For the aforesaid reasons, I am of the view that the Tribunal was not correct in cancelling the penalty of Rs. 15,000 imposed upon the assessee under section 271(1)(c) of the Act. I, therefore, answer the question in favour of the Revenue and against the assessee with costs. Hearing fee Rs. 500 payable by the assessee.