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1979 (4) TMI 82 - ITAT MADRAS-BExtract: .......of the entirely of all the facts and consideration of the entirely of all the facts and circumstances of the case, we are satisfied that the assessee cannot be held guilty of concealment of wealth to justify the levy of penalties under s. 18(1)9c) of the WT Act. Accordingly, we cancel the penalties levied. 5. In the result, the appeals are allowed.
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