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1983 (9) TMI 113 - ITAT BANGALOREExtract: .......in the absence of any conclusive evidence in favour of the assessee. However, we have considered the alternative argument advanced by Shri Basavarajan that the penalty be reduced to the minimum. Having regard to the facts of the case, we direct that the penalty u/s 273(c) be restricted to the minimum. 3. In the result, the appeal is partly allowed.
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