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1997 (3) TMI 136 - AT - Income TaxExtract: .......tute a reasonable cause in terms of section 273B of the Act. 6.6 Considering the totality of the facts and circumstances of the present case, I am of the view that it is not a fit case where any penalty under section 271B can be validly sustained. The Assessing Officer is, therefore, directed to cancel the same. 7. In the result, appeal is allowed.
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