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1993 (3) TMI 149 - AT - Income TaxExtract: .......Sir Shadilal Sugar and General Mills Ltd. vs. CIT it is not possible for us to hold that mens rea can be attributed to the assessee. The cases relied on by the learned Chartered Accountant of the assessee would justify cancellation of penalty in the facts and circumstances of the case. We order accordingly. 16. In the result, the appeal is allowed.
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