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2006 (10) TMI 119 - HC - Income TaxExtract: .......-95 in the case on hand. In the result, this appeal is partly accepted. Questions of law are answered against the assessee. However, penalty for the assessment year 1994-95 is set aside in the light of the binding judgment of this court in I.T.R.C. No. 269/98 connected with I.T.R.C. No. 270/98 dated November 25, 1999. Ordered accordingly. No costs.
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