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1986 (9) TMI 100 - ITAT AMRITSARExtract: .......e it is merely an omission. 14. In view of our above discussion and reasons thereto, we hold that there is no basis for imposing and sustaining the penalty in the case of the assessee. Therefore for these reasons we hold that the AAC is justified in deleting the penalty imposed by the ITO on the assessee. 15. In the result, the appeal is dismissed.
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