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2008 (9) TMI 422 - AT - Income TaxExtract: ....... is a case of a reasonable cause and hence the penalty imposed by the Assessing Officer and sustained by the learned Commissioner of Income-tax (Appeals) Rs. 16,60,500 is deleted. The grounds taken by the assessee are therefore allowed. In the result, the assessee s appeal stands allowed. The order was pronounced in the court on September 12, 2008.
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