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1980 (10) TMI 12 - PUNJAB AND HARYANA HIGH COURTExtract: .......505, Jiwan Lal Shah s case 1977 109 ITR 474 (P and H) and Bharat Tubewell Store s case, hold that in the facts and in the circumstances of this case, the penalty was not exigible. Question No. 3 is, therefore, answered in the negative, i.e., in favour of the assessee and against the revenue. We order accordingly. There will be no order as to costs.
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