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2006 (1) TMI 157 - ITAT AHMEDABAD-A
Extract:
....... 200 per cent as against the minimum penalty leviable at the rate of 100 per cent. Keeping in view the facts of the present case, we find that levy of penalty at the rate of 100 per cent will be justified. Therefore, we direct the Assessing Officer to reduce the penalty to 100 per cent. The appeal filed by the revenue is, therefore, partly allowed.