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2003 (8) TMI 464 - AT - Income TaxExtract: .......dited as per provisions of section 44-AB. There was a bona fide of the assessee because he was not aware of the provisions of section 44AB. Therefore, this constitute a reasonable cause under section 273B of the Income-tax Act. Accordingly we cancel the penalty confirmed by the CIT (Appeals). 5. In the result, the appeal of the assessee is allowed.
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