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1979 (2) TMI 153 - ITAT PATNA-AExtract: .......fact that he had to pay only nominal wealth-tax, even according to the final assessment made by the Department, raised a strong possibility of his version being correct. In these circumstances, we conclude that this is not a fit case for levy of penalty. The impugned penalty order is, accordingly, cancelled. 4. In the result, the appeal is allowed.
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