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1997 (8) TMI 42 - ALLAHABAD HIGH COURTExtract: .......this relates to the rate of penalty. The default of not filing return being a continuing default, penalty has to be levied on the rates as prevailing before the amendment and after amendment in section 18(1)(a). For the above reasons, we answer the above mentioned question in the negative, that is, in favour of the Revenue and against the assessee.
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