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1975 (12) TMI 68 - ORISSA HIGH COURTExtract: ........ In our view, the reasoning advanced by the Tribunal is unsustainable. We would, accordingly, answer the question referred to us by saying On the facts and in the circumstances of the case, the penalty levied should have been cancelled in terms of section 221(2) of the Income-tax Act. We make no order as to costs of the reference. DAS J.--I agree.
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