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1995 (3) TMI 122 - ITAT AHMEDABAD-AExtract: .......s not under an obligation to file a statement of advance tax under s 273(1)(b). The position being so penalty under s. 273(1)(b) is not leviable. We accordingly vacate the order of the first appellate authority and direct the AO to cancel the penalty levied being invalid and unlawful. 20. In the result all the appeals of the assessee stand allowed.
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