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1981 (11) TMI 90 - ITAT DELHI-DExtract: .......n that the shortfall In the amount of compulsory deposit is covered by a reasonable cause and, accordingly, we hold that the assessee is not liable to penalty under the provisions of s. 10 of the CDS (Income-tax Payers) Act, 1974. We, therefore, delete the penalty sustained by the AAC u/s 10 of the said Act. 8. In the result, the appeal is allowed.
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