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1992 (10) TMI 113 - ITAT CALCUTTA-BExtract: ......., as there was reasonable cause for the assessee for not complying with the provisions of section 44AB of the Act within the meaning of section 271B of the Act. Accordingly I cancel the penalty of Rs. 20,373 retained by the DC(Appeals), which shall be refunded to the appellant if already collected from them. 17. In the result, the appeal is allowed
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