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1977 (12) TMI 41 - ITAT BOMBAY-AExtract: .......e notices out of any malafide motives. Taking all these facts into consideration, we hold that even the penalties under s. 271(1)(b) are not justified because the assessee had not filed without reasonable cause to comply with the notices issued by the ITO. We, therefore, cancel these penalties also. 7. As a result, all the four appeals are allowed.
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