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1983 (6) TMI 40 - ITAT AHMEDABAD-BExtract: .......milar proceedings were also initiated u/s 271(1)(a) of the IT Act. In view of the discussion, we are unable to sustain the penalties levied for both the years. We, therefore, cancel the penalties levied for both the assessment years, i.e. Rs. 4,487 for asst. yr. 1972-73 and Rs. 2,284 for asst. yr. 1973-74. 6. In the result, the appeals are allowed.
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