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1975 (3) TMI 36 - ITAT INDOREExtract: .......ent evidence by those receipt was allowable other in the assessment year in question. In view of what has been said above, we hold that no case was made out against the assessee for the levy of penalty. We accordingly accept the appeal, set aside the impugned order of the IAC and quash the penalty imposed on the assessee. 11. The appeal is allowed.
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