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1981 (1) TMI 90 - ITAT AMRITSARExtract: .......ur opinion, would provide a reasonable cause and consequently it is to be held that the assessee had shown reasonable cause even for the delay of three months for which the AAC has upheld the levy of penalty. No penalty can, therefore, be levied for default under s. 18(1)(a) and the penalty sustained by the AAC is deleted. 4. The appeal is allowed.
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