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2005 (6) TMI 215 - AT - Income TaxExtract: .......below. This kind of an approach cannot be sustainable in law. Keeping in view all these factors, as also entirety of the case, we deem it fit and proper to delete the impugned penalties of Rs. 2,63,925 for 1993-94 and of Rs. 4,65,750 for the asst. yr. 1994-95. The assessee gets the relief accordingly. 5. In the result, both the appeals are allowed.
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