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1983 (8) TMI 94 - AT - Income TaxExtract: .......some force therein. Considering the nature and extent of the assessee s business, we feel that the ends of justice will be met if the quantum of penalty is reduced to the minimum imposable under the law, or Rs. 15,000 whichever is higher. We, direct that the quantum of penalty be reduced accordingly. 12. In the result, the appeal is partly allowed.
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