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1976 (8) TMI 60 - ITAT DELHI-DExtract: .......celled the penalty. The Department went in reference wherein there Lordship of the Allahabad High Court referring to the cases of Anwar Ali and Durga Timber held that the Tribunal was justified in setting aside the penalty. Thus in view of the above we cancel the penalty imposed by the IAC. In the result the appeal filed by the assessee is allowed.
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