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1992 (4) TMI 86 - AT - Income TaxExtract: .......um proceedings, in view of the fact a petty amount of tax only is involved, no adverse inference can be drawn from that fact. I feel that I should accept this argument as correct. 9. Having regard to all the above, I hold that the penalty imposed by the lower authorities is unsustainable and hence the appeal should be allowed and penalty cancelled.
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