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2002 (7) TMI 215 - AT - Income TaxExtract: .......the notice of the Department as soon as it was discovered by them. 11. On a careful consideration of the entire relevant facts and circumstances of the case, we are of the considered opinion that the penalty levied under s. 271(1)(c) deserves to be cancelled. We accordingly direct the AO to cancel the same. 12. In the result, the appeal is allowed.
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