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1998 (6) TMI 6 - HC - Income TaxExtract: .......e on the plain terms of section 171(8) of the Act. We, therefore, hold that the Appellate Tribunal was justified in its view that the penalty levied was legally correct. Accordingly, we answer the common question of law referred to us in the affirmative and against the assessee. The Revenue will be entitled to costs in the sum of Rs. 1,000 one set.
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