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1994 (6) TMI 37 - ITAT COCHINExtract: .......ng the penalty cannot be sustained. In this view of the matter also, we hold that the penalty levied under section 273(2)(a) cannot be sustained nor can it be converted into a penalty levied under section 273(2)(aa) of the Income-tax Act, 1961. Thus, we uphold the order of the CIT (Appeals). 5. In the result, the appeal of the revenue is dismissed.
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