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2002 (11) TMI 264 - AT - Income TaxExtract: .......urce if the salary is not actually paid. This bona fide belief, in cur opinion, would constitute reasonable cause under section 273B. Therefore, even on this account, the penalty could not be levied. Consequently, the order of CIT(A) is quashed and the penalties sustained by him are cancelled. 11. In the result, appeals of the assessee are allowed.
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