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2000 (12) TMI 220 - AT - Income TaxExtract: ....... that AO has not made out such a strong case to warrant levy of penalty 200 per cent as against minimum rate of 100 per cent. Therefore, we uphold the order of CIT(A) on this issue as well. Accordingly, the order of CIT(A) is confirmed and both the appeals of the Revenue and the assessee fail. 7. In the result, both the cross-appeals are dismissed.
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