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1996 (2) TMI 20 - HC - Income TaxExtract: ........ Further, the assessee has not given any reasonable cause for not paying the self-assessment tax in time. In the absence of any reasonable cause, it is not possible to cancel the penalty levied under section 140A(3) of the Act. In this view of the matter, we answer the questions referred to us in the affirmative and against the assessee. No costs.
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