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1993 (3) TMI 9 - HC - Income TaxExtract: .......17, 1986. The non-petitioner No. 4 is prohibited from taking any further proceedings regarding penalty, etc., in pursuance of the impugned assessment order dated March 25, 1992, against the petitioner. The demand notices, regarding penalty issued against the petitioner, are also quashed. The petition is allowed, as above, with no order as to costs.
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