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1993 (6) TMI 125 - ITAT HYDERABAD-A
Extract:
.......assessment proceedings would come to a stop without getting time-barred which forms the basis of the impugned order of the Dy. Commissioner (Appeals). Since the very basis of the impugned order is not correct, the penalty imposed under section 271(1)(a) is liable to be cancelled. 8. In the result, the appeal is allowed and the penalty is cancelled.