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1993 (12) TMI 107 - ITAT JAIPURExtract: .......he circumstances under which the cash credits in question came to appear in assessee s books probabilise the theory of the assessee and in view of the preponderance of such probability benefit of doubt should go to the assessee. We, therefore, feel inclined to cancel the penalty. 7. In the result, the penalty levied is cancelled and appeal allowed.
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