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1990 (1) TMI 285 - BOMBAY HIGH COURTExtract: ....... of tax. In these circumstances in our view the Tribunal ought to have remitted the entire penalty payable in respect of the said period. 18.. The question before us is, therefore, answered in the negative and in favour of the assessee. The amount of Rs. 100 to be refunded to the applicants. No order as to costs. Reference answered in the negative.
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