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1988 (6) TMI 26 - HC - Income TaxExtract: .......leged by the Revenue. Those findings have not been challenged. In our view, the Tribunal was right in cancelling the order of penalty passed under section 271 ( 1 ) (c) of the Income-tax Act. In the premises, both the questions referred to this court are answered in favour of the assessee and against the Revenue. There will be no order as to costs.
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