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1992 (1) TMI 167 - AT - Income TaxExtract: .......ities in the quantum proceedings, it does not mean that her claim is not bona fide or that she had no reasonable cause in putting forward the claim of loss for asst. yr. 1980-81. 5. Thus, for all the above reasons, I hold that no penalty under s. 271(1)(a) is exigible from the assessee for asst. yr. 1982-83. 6. In the result, the appeal is allowed.
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