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1999 (12) TMI 108 - ITAT DELHI-EExtract: .......urt in the case of Hindustan Steels Ltd. and direct decisions of various Benches of the Tribunal mentioned above we are of the view that CIT(A) was not justified in confirming the penalty imposed by the AO. We accordingly cancel the penalty for both the years imposed by the AO and confirmed by the CIT(A). 13. In the result, the appeals are allowed.
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