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2001 (8) TMI 33 - HC - Income TaxExtract: .......section (1) of section 9 of the Act. A similar question was considered by this court in CIT v. Triveni Engineering Works Ltd. 1985 154 ITR 561. It was held that under similar circum- stances, penalty was not leviable. In view of what has been stated above, we answer the question in the affirmative, in favour of the assessee and against the Revenue.
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