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1994 (1) TMI 114 - AT - Income TaxExtract: .......e proceeds to the agriculturists, the unremitted part of the sale proceeds would also not assume the character of a deposit. Therefore, the repayment of such sale proceeds does not fall within the purview of s. 269T of the Act . 12. In the result, relying on the above and on more than one count, I cancel the penalty and allow the assessee s appeal.
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