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1994 (11) TMI 184 - ITAT INDOREExtract: .......ration. I am of the opinion that the assessee has succeeded in establishing a reasonable cause for receiving the money in cash. For this reason also, I am of the view that penalty under section 271D is not leviable. 7. In view of the foregoing discussions, penalty levied under section 271D is hereby cancelled. Consequently the appeal stands allowed
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