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2001 (3) TMI 231 - AT - Income TaxExtract: .......titutes a reasonable cause within the meaning of s. 273B which justifies the cancellation of penalty levied in the aforesaid facts and circumstances of the case. Accordingly, the AO was directed to cancel the penalty. Most respectfully following the same, we direct the AO to cancel the penalty under s. 271B. 4. In the result, the appeal is allowed.
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