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2002 (10) TMI 735 - ITAT CHANDIGARHExtract: ........ But from above it does not follow that he is also to be penalised for above act. The default, as noted by the CIT(A), is highly technical. There is nothing on record to prove that act of the assessee was not a bona fide one. In the above circumstances, we uphold the impugned order cancelling the penalty. 8. In the result, the appeal is dismissed.
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