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1995 (8) TMI 86 - ITAT BOMBAYExtract: .......w which supports the levy of penalty. But when two views are possible, I am of the opinion that the issue should be decided in favour of the assessee in view of the Supreme Court decision in the case of CIT vs. Vegetable Products 1973 CTR (SC) 177 (1973) 88 ITR 192 (SC). I, therefore, cancel the penalties. 6. In the result, the appeals are allowed.
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