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1985 (1) TMI 80 - ITAT ALLAHABAD-AExtract: .......gment, there was a reasonable cause for the delay particularly when one would not think of furnishing wealth-tax return when his wealth is just on the margin of paying wealth-tax. 5. We, therefore, set aside the order of the AAC of WT and cancel the penalties of Rs. 10,125 and Rs. 7,373 for both the years. 6. In the result, the appeals are allowed.
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