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1984 (1) TMI 136 - ITAT HYDERABAD-BExtract: .......not disqualify the effect of a revised return filed before such enquiry for this year. There is not positive material for holding that there is absence of bona fide in the facts of assessee s case. It is under these circumstances, we have to allow the assessee s appeal and cancel the penalty of Rs. 2,85,921. 6. In the result, the appeal is allowed.
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