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1984 (1) TMI 127 - ITAT DELHI-EExtract: ....... income-tax return is will reasonable cause. Further, the Tribunal also vide its order dt.13th Dec., 1982deleted the capital gains from assessed income. On these facts and circumstances of the case, we hold that the levy of penalty is not justified. We confirm the action of the AAC in deleting the penalty. 5. In the result, the appeal is dismissed.
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