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1993 (9) TMI 144 - AT - Income TaxExtract: .......s had been increased could not be given. We, therefore, hold that on merits also, penalty was leviable under section 271(1)(c) r.w. Explanation 1. The penalty levied is already the minimum leviable under the Act. In the circumstances, no relief is due to the assessee. The order of the CIT(A) is confirmed. 59. In the result, the appeal is dismissed.
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