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2011 (1) TMI 1366 - ITAT AHMEDABADExtract: .......tely, the Revenue is compensated by paying the interest as well as due taxes by the payee. Therefore, there is no loss to the Revenue in the matter. In view of the above, we set aside the orders of the authorities below and cancel the penalty. 7. In result, the assessee’s appeal is allowed. Order pronounced in Open Court on 21st January, 2011
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