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1997 (2) TMI 161 - AT - Income TaxExtract: .......e view taken by the Judicial Member who was against restoration of penalty imposed on the assessee. 2. Consequently, after hearing both the parties we hold that the CIT(A) was right in vacating the order imposing the penalty of Rs.1,00,000 by the Assessing Officer, in accordance with the majority decision. 3. In the result, the appeal is dismissed.
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