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1997 (1) TMI 24 - MADRAS HIGH COURTExtract: ....... The Tribunal has also confirmed the imposition of penalty. In this view of the matter, we are unable to sustain the view taken by the Appellate Tribunal that the penalty leviable would be Rs. 1,000 which is less than the statutory prescription. Hence, we answer the questions referred to us in the negative and in favour of the Department. No costs.
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