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2001 (5) TMI 30 - DELHI HIGH COURTExtract: .......e penalty has to be incurred because of the failure of the assessee himself, the penalty paid by the assessee could not be regarded as wholly laid out for the purpose of business. That being the position the decision of the Tribunal is in order. The question referred is answered in the affirmative, in favour of the Revenue and against the assessee.
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