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1986 (7) TMI 25 - HC - Income Tax
Extract:
.......TR 156, in almost identical facts, this court accepted the finding of the Tribunal that no case for levying penalty had been made out as two opinions were arrived at on the same facts. For the above reasons, we answer the question referred in the affirmative and in favour of the assessee. There will be no order as to costs. MONJULA BOSE J.-I agree.