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1995 (8) TMI 33 - HC - Income TaxExtract: .......) of the Act. For the reasons stated above, the learned Appellate Tribunal was not justified in upholding the penalties levied against the assessee under section 271(1)(a) of the Act in respect of the assessment years 1972-73 and 1973-74, The reference is, accordingly, answered in the negative and against the Revenue. GURUSHARAN SHARMA J.--I agree.
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