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1997 (8) TMI 95 - ITAT AHMEDABAD-CExtract: ....... was a reasonable cause for the failure. Therefore, in our opinion, the assessee has succeeded to make out a reasonable cause for the failure. Therefore, in our opinion, the assessee has succeeded to make out a reasonable cause in the present case. Accordingly, we direct the AO to cancel the levy of penalty. 6. In the result, the appeal is allowed.
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