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1980 (12) TMI 27 - HC - Income TaxExtract: .......curred without a reasonable cause. In this view of the matter, we are of the opinion that the Tribunal was not justified in sustaining the order of penalty under s. 273(c) of the I.T. Act, The question, accordingly, is answered in the negative and in favour of the assessee. Each party will pay and bear its own costs. SABYASACHI MUKHARJI J.-I agree.
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