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1992 (7) TMI 119 - AT - Income TaxExtract: .......year. We have since reached the finding that the estimate of advance tax could not be proved to be untrue to the knowledge or belief of the assessee. We do not attached weight to the past history. 7. In view of our discussion the orders of the tax authorities below are set aside and the penalty is cancelled. 8. In the result, the appeal is allowed.
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