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2007 (7) TMI 355 - ITAT HYDERABAD
Extract:
.......y imposed by the Assessing Officer under section 158BFA(2) and sustained by the learned Commissioner of Income-tax (Appeals) and accordingly we cancel the penalty in all these cases and allow the grounds taken by the assessees. In the result, all the appeals filed by the assessees are allowed. The order was pronounced in the court on July 20, 2007.